The US-India Strategic Partnership Forum (USISPF) has welcomed the enactment of the SHANTI (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India) Act, 2025, describing it as a “historic turning point in India’s energy landscape.”
Following its passage in both the Lok Sabha and the Rajya Sabha, and subsequent Presidential assent, USISPF said the legislation represents the most comprehensive overhaul of India’s civil nuclear framework since independence.
The SHANTI Act repeals and replaces the Atomic Energy Act, 1962, and the Civil Liability for Nuclear Damage Act, 2010. According to USISPF, the new law introduces significant reforms aimed at modernizing the sector. These include expanding private and foreign participation in nuclear power, clarifying the liability framework for nuclear operators, and operationalizing the long-standing potential of the Indo-U.S. Civil Nuclear Agreement.
USISPF noted that the reform marks a pivotal step toward strengthening India’s nuclear energy infrastructure while deepening bilateral cooperation in clean energy development.
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In a separate statement, USISPF also welcomed the passage of the Insurance Laws (Amendment) Bill, 2025, which removes the cap on foreign direct investment in India’s insurance sector.
“This critical reform will allow foreign insurers to set up wholly owned insurance companies in India, boosting long-term investment, stimulating healthy competition, driving innovation across the market and allowing the Indian consumer the choice for their health and security,” stated USISPF. It added that consumers would be the greatest beneficiaries of the Bill, gaining greater access to insurance and more secure financial futures.
“Insurance for All by 2047” the organization said, highlighting India’s national mission to ensure financial security for every citizen and enterprise by the centenary year of the country’s independence.
USISPF noted that with this reform, the government has, after years of careful and deliberate planning, taken a fundamental step toward achieving its goal of “Insurance for All by 2047.”
