India is set to allow private firms to mine, import, and process uranium, ending a long-standing state monopoly in the nuclear sector, as part of its ambitious plan to increase nuclear power capacity by 12 times by 2047. The government recognizes that domestic uranium supplies can only fulfill about 25% of the projected demand, necessitating imports to support this expansion. This initiative is seen as critical for meeting growing energy needs and could attract significant investment, though it will require changes to existing laws governing mining and foreign direct investment. Overall, this move reflects a strategic shift towards enhancing India’s energy security and boosting its nuclear industry.