India, France intend to jointly develop advanced nuclear reactors

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India, France intend to jointly develop advanced nuclear reactors - Business Standard

Quick Summary:

India and France on Wednesday expressed an intent to jointly develop modern nuclear reactors, emphasising that nuclear power was crucial for energy security and transition to a low-carbon economy.

"Prime Minister Modi and President Macron stressed that nuclear energy is an essential part of the energy mix for strengthening energy security and transitioning towards a low-carbon economy," according to the statement.

The two countries signed a letter of intent on Small Modular Reactors (SMRs) and Advanced Modular Reactors (AMRs), according to a joint statement issued after Prime Minister Narendra Modi met French President Emmanuel Macron in Paris.