Asian Nuclear Energy

Japan Steel Works Ltd., a maker of atomic reactor parts for Areva SA and Toshiba Corp multiplied its forecast for China’s nuclear plant construction because of stimulus spending and environmental pressures.

Dr. Anil Kakodkar, Chairman of India’s Atomic Energy Commission (AEC) and Secretary to the Department of the Atomic Energy (DAE) is upbeat about the country emerging as a a global hub of nuclear energy equipment manufacturing, technology trade and commerce.

A study conducted by an online research portal reports that the Indian nuclear power market is estimated to touch $40 billion or Rs 20,000 crore by 2020. This mainly includes opportunities for power equipment manufacturers, uranium suppliers and forging companies in and outside India.