India Opens Atomic Energy and Insurance Sectors to 100% Foreign Investment
India's government has approved significant reforms in atomic energy and insurance sectors to attract foreign investment and modernize regulations. The nuclear sector reforms aim to end a longstanding state monopoly and facilitate private and foreign technology providers to support a 12-fold increase in nuclear power capacity by 2047. Simultaneously, the insurance sector will remove foreign ownership limits, allowing 100% foreign direct investment under conditions ensuring Indian resident leadership for companies.