India expects to build domestically five small modular reactors (SMRs) by 2033, India’s Atomic Energy Minister, Jitendra Singh, said. The five SMRs would be part of India’s push to accelerate nuclear power capacity installations over the next two decades, the minister told lawmakers in a written reply to questions as carried by local media.

The Bhabha Atomic Research Centre (BARC), India’s premier nuclear research facility under the Department of Atomic Energy, is currently developing a 220-MW Bharat Small Modular Reactor, a 55-MW reactor, and a high-temperature gas-cooled reactor designed to produce hydrogen, Singh said quoted by OilPrice.com.

As per India’s nuclear energy roadmap, the country aims to boost its installed nuclear power capacity from 8.78 gigawatts (GW) now to about 22 GW by the 2031-32 fiscal year, the minister said.

India goal is to boost its installed nuclear power capacity to 100 GW by 2047, up from just 8.8 GW now. This would require as much as 19.28 trillion Indian rupees, or $200 billion at current exchange rates, of cumulative capital, a panel set up by India’s power ministry said in the ‘roadmap to 100 GW’ report last year.

At the end of 2025, India’s government approved the landmark Atomic Energy Bill, which allows private companies to invest in its nuclear energy industry for the first time, as the country looks to boost nuclear power capacity tenfold within two decades.

The so-called SHANTI (Sustainable Harnessing of Advancement of Nuclear Energy for Transforming India) Act could drive huge investments from private companies in India’s nuclear energy sector.

Yet, Indian state-owned NTPC Ltd, the biggest utility in the country, is expected to account for 30% of the new nuclear power capacity installations by 2047.

NTPC, currently the only nuclear power generator in India, is now looking to acquire stakes in uranium assets globally to secure fuel for the expected massive expansion of India’s nuclear power capacity.