NSG waiver to India will boost power industry: NPCIL

MUMBAI: Describing the NSG waiver as a win-win situation for both India and members of the nuclear cartel, top nuclear industry officials on Saturday said it will not only boost the atomic power sector in the country but also other indigenous industries connected with it.

"This is a wish long-cherished by NPCIL and we are happy that all members of NSG have appreciated India's position and the waiver to India will not only help India but the world," Nuclear Power Corporation of India limited (NPCIL) Chairman S K Jain said.

The NSG waiver was drafted "to attain a win-win situation" for both India and NSG and will boost India's nuclear power industry as well as other indigenous industries participating in the nuclear power programme, Jain told media.

It will give an opportunity to Indian nuclear ancillary industries to become global and India could even become a manufacturing hub, he said.

"First step, once the deal is allowed to operationalise after the US Congress's vote, was procuring fuel for the reactors whose capacities are underutilised," S Thakur, Executive Director, Corporate Planning of NPCIL, said.