New Delhi, March 06: The government led by Narendra Modi has sealed a $2.6 billion long-term uranium supply agreement with Canada, a move analysts view as a key step toward India’s target of achieving 100 GW of nuclear power capacity by 2047.
According to a report by the South China Morning Post, India’s domestic uranium production is expected to remain significantly below projected demand, making long-term import arrangements critical to support the country’s expanding nuclear energy programme.
Experts cited in the report said the widening supply gap will increase India’s reliance on overseas uranium sources to fuel both existing and planned reactors, making the Canada deal strategically important.
In recent years, Kazakhstan — the world’s largest uranium producer — has been India’s primary supplier. The new agreement with Canada is expected to diversify supply sources and strengthen fuel security for India’s nuclear power sector.
The development follows major policy reforms passed by the Parliament of India in December 2025, which overhauled the country’s civilian nuclear framework. The reforms allow both domestic and foreign companies to build, own and operate nuclear power plants for the first time, ending the long-standing state monopoly and easing supplier liability concerns.
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