Indigenously building 10 atomic reactors to create 33k jobs: Piyush Goyal

Union Power Minister Piyush Goyal
Union Power Minister Piyush Goyal on Wednesday said the development of nuclear power plants will create over 33,400 direct and indirect jobs, in addition to helping India achieve a state of self-sufficiency on the pathway to sustainable development.

Addressing the Cabinet meeting in New Delhi, the Union Minister asserted that apart from improving India's position globally, the development of the power sector will also provide a boost to the domestic manufacturing industry.

"In lieu of the NDA's completion of three years, the development of the power sector along with initiatives like Make in India will help in providing domestic manufacturing orders to domestic manufacturers to the extent of Rs 70,000 crores," he said.

Furthermore, the first-of-its-kind initiative is said to enhance the efficiency of the power sector, with the establishment of additional power plants.

"India has over 6,780 mega watts of power units, which is expected to double in the coming months. Under the leadership of Prime Minister Narendra Modi, we are looking to make India self-reliant in terms of power requirement, along with providing carbon-free sources of power, thus improving India's position globally," added Goyal.

Several decisions were approved at the Cabinet meeting. It sanctioned the building of ten units of indigenous Pressurized Heavy Water Reactors for India.

Additionally, on the electrification front, the Cabinet approved the construction of a double-line with electrification between Phephana-Indara and Mau-Shahganj (excluding Indara-Mau) in Uttar Pradesh.

The Cabinet also approved the construction of an electrified third line between Manmad-Jalgaon in Maharashtra.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel