The government of India is exploring the possibility of allowing foreign companies to hold up to 49% ownership in the nation’s nuclear power facilities as it sets about meeting an ambitious target of having 100 GW of installed nuclear capacity by 2047.

The potential shift in policy is part of the country’s strategy to increase its nuclear energy output and reduce reliance on coal.

The Economic Times reported that the 49% foreign direct investment would be introduced in phases.

“We are open to allowing foreign investment... We can even go up to 49%, but in tranches,” a senior government official told the Mumbai-based English language daily.