India needs to reduce construction timelines for its nuclear power plant projects from the current 10 years to the “global best” of six years as it sets about meeting an ambitious target of having 100 GW of installed nuclear capacity by 2047.

According to a report by SBI Capital Markets, the investment banking subsidiary of State Bank of India, this would help mitigate historical cost overruns and help attract global investment.

The report said that given current capacity of about 8 GW and with only about 7 GW under construction, “significant acceleration” is the key to meeting targets.