Mumbai: Government signs MoU with Holtec for nuclear equipment facilityhttps://indianexpress.com/article/cities/mumbai/mumbai-government-signs-mou-with-holtec-for-nuclear-equipment-facility-5458272/

Mumbai: Government signs MoU with Holtec for nuclear equipment facility

Holtec is keen to invest $680 million (approximately Rs 4,800 crore) to build a facility in India dedicated towards manufacturing high-end nuclear power plant equipment.

Maharashtra government, Holtect nuclear equipment facility, Minister Devendra Fadnavis, ndustries Minister Subhash Desai, Holtec International Senior Vice President Jyoti Chatterjee, Indian Express
MoU was signed between Dr Krishna Singh, President and CEO of Holtec International, and state industry department officials in the presence of Chief Minister Devendra Fadnavis,(Twitter/ Representational)

The Maharashtra government on Wednesday signed an MoU with Holtec Asia, a subsidiary of Holtec International, to set up a nuclear equipment manufacturing facility in the state.

The MoU was signed between Dr Krishna Singh, President and CEO of Holtec International, and state industry department officials in the presence of Chief Minister Devendra Fadnavis, Industries Minister Subhash Desai, Holtec International Senior Vice President Jyoti Chatterjee and others.

Holtec is keen to invest $680 million (approximately Rs 4,800 crore) to build a facility in India dedicated towards manufacturing high-end nuclear power plant equipment. The objective is to build a facility on the lines of the capacity and capability of Holtec’s plant in the US, sources said. With this, Maharashtra will be the first state in the country to have a nuclear equipment manufacturing facility.

“I am delighted to sign the MoU to signal our commitment to boosting this co-operation further and working together to enhance the capacity of the state in areas of nuclear power and this is in line with the objective of the state and central government to become self-reliant in the manufacturing of nuclear power under Make in India. This will bring a paradigm shift in nuclear power generation in the country. Once again, we have proved that Maharashtra is the number one investment destination,” Fadnavis said.

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Singh said: “The state-of-the-art plant, infused with Holtec’s knowhow and expertise, contemplated by this MOU is destined to become a pillar of India’s rise as a global provider of sophisticated capital equipment. It is also a proof of our strong endorsement of PM Narendra Modi’s Make in India call. The plant will help realise our goal of bringing the United States and India into a cooperative compact to deploy our walk-away safe SMR-160 reactor technology around the world.”

Chatterjee said: “The proposed plant is guaranteed to put India on the map of nations exporting elite nuclear equipment, while bringing direct economic benefits to the domestic nuclear energy generation programme. Employment generation and development of specialised skill sets are the key goals —as we develop a nuclear manufacturing ecosystem for the state and
the nation.”