U.S.-based nuclear equipment maker Westinghouse Electric Company is likely to invest tens of millions of dollars in India.
Westinghouse, a Toshiba Group company, might look at forging joint venture with local players, sourcing from them and even outright acquisitions in areas like engineering, construction and equipment making.
WEC offers a wide range of nuclear plant products and services to utilities throughout the world, including fuel, service and maintenance, instrumentation and control and advanced nuclear plant designs. Its technology is the basis for well over 40 % of the world’s operating nuclear power plants, including 60 per cent of those in the United States.
WEC has already inked a memorandum of understanding (MoU) with the domestic engineering and construction major Larsen & Toubro (L&T) to build 1,000 MW pressurised nuclear power plants in India.
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