India has the opportunity to become a global nuclear leader and help reach its long-term net-zero emissions target, but will need further reforms, financial innovation and international collaboration to get there, a report by business consultancy KPMG says.

The report welcomed India’s 2025 Sustainable Harnessing And Advancement of Nuclear Energy for Transforming India (Shanti) Act, which it said opens pathways for private sector participation in the country’s nuclear industry.

However, it said that India, which has a net-zero emissions target of 2070, would need further frameworks to address new technologies including small modular reactors (SMRs) and Generation IV reactors to help it reach an ambitious goal of reaching 22 GW of nuclear power by 2032 and 100 GW by 2047.