Bhabha Atomic Research Centre (BARC) has evolved the design of a research reactor. The premier research organization of the Department of Atomic Energy (DAE) is ready to share the technology of production for a variety of radioisotopes used in nuclear medicine.
In the proposed partnership, the private entities will get exclusive rights to process and market the isotopes produced in the research reactor, in lieu of investing in the reactor and processing facilities. In this context, it may be stated that on 16th May 2020, Union Finance Minister announced the establishment of a Research Reactor in PPP mode for the production of medical isotopes as a part of Aatma Nirbhar Bharat initiatives for DAE.
DAE has initiated discussion with potential Indian and global investors regarding this project to seek their input. Going forward, investor's roadshows are planned to start from the 1st quarter of 2021, followed by a formal tender process for the selection of private partner(s). The proposed reactor is expected to come online within five years of the beginning of the construction. The construction is planned to start after obtaining all requisite permissions.
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Source: The Free Press Journal