With global prices of nuclear fuel and equipment softening following the current economic slowdown, India is all set to scale up the nuclear energy sector in the country.

"The current economic slowdown has turned to India’s advantage as the cost of nuclear fuel and equipment have come down considerably. We have already started talking to a number of international vendors for setting up high-energy efficiency nuclear energy plants in the country," Prime Minister & Special envoy on Climate Change Shyam Saran said recently at a function in the Indian capital of New Delhi.

"It (current economic meltdown) is very good time for India as we take initiative to spruce up our energy efficiency sector in the country,"

Saran was also of the view that the Civil Nuclear Energy Agreement will help the country to have better energy security as well enable clean energy to deal threats of global warming.