India wants 100 gigawatts of nuclear capacity by mid-century. It currently has roughly 8GW.
Getting there will require not just capital, technology and political will, but a reliable fuel supply that domestic production alone cannot provide.
The 10-year uranium agreement signed on Monday when Canada’s Prime Minister Mark Carney met his Indian counterpart Narendra Modi in New Delhi is designed to address exactly that constraint.
Analysts say it is a structural commitment – one intended to meet the fuel demands of a civilian nuclear programme that parliament only recently threw open to private and foreign investment.
Domestic production is expected to fall well short of projected needs, making long-term import arrangements essential.
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