India expects to build domestically five small modular reactors (SMRs) by 2033, India’s Atomic Energy Minister, Jitendra Singh, said. India goal is to boost its installed nuclear power capacity to 100 GW by 2047, up from just 8.8 GW now. The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) Act could drive huge investments from private companies in India’s nuclear energy sector. Yet, Indian state-owned NTPC Ltd, the biggest utility in the country, is expected to account for 30% of the new nuclear power capacity installations by 2047. NTPC, currently the only nuclear power generator in India, is now looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capacity.