India's Commercial Fusion Ecosystem: The $3 Billion Gate

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Released in October 2025, this paper explores how India is transitioning from a public-sector fusion contributor to an emerging commercial contender, but is now facing a $3 billion capital barrier that could define its future in the global fusion race.

Key discussions inside:

  • From ITER Supplier to Fusion Innovator — How India’s global manufacturing contributions laid the foundation for domestic commercialization.

  • Policy Bottlenecks — Why it remain the single biggest obstacles for institutional capital.

  • Startup Momentum — The rise of fusion startups, and how India’s VC ecosystem is backing.

  • Supply Chain Powerhouse — India opportunity as a major fusion components exporter.

Released in October 2025, this paper explores how India is transitioning from a public-sector fusion contributor to an emerging commercial contender, but is now facing a $3 billion capital barrier that could define its future in the global fusion race.

Key discussions inside:

  • From ITER Supplier to Fusion Innovator — How India’s global manufacturing contributions laid the foundation for domestic commercialization.

  • Policy Bottlenecks — Why it remain the single biggest obstacles for institutional capital.

  • Startup Momentum — The rise of fusion startups, and how India’s VC ecosystem is backing.

  • Supply Chain Powerhouse — India opportunity as a major fusion components exporter.