"Country needs to have a Material policy...The policy we need to decide...What is the quantum of materials available as natural resources and what is the quantity and how much it will suffice for the future needs," he said, speaking at the NFC Day organised by Nuclear Fuel Complex (NFC) here.
"First we need to work out the future needs and then look for what are the imports you need, whether you need to import and put it as a reserve...Based on the future requirements the policy needs to be formulated," Reddy said.
He felt the composition of research & development and production by academic institutions, R&D organisations, public sector undertakings besides private sector needs to be reviewed.
"(As) the potential of research is being enormous all these institutions need to enhance their research and development efforts," Reddy said.
NFC's Chairman and Chief Executive N Saibaba said Nuclear Fuel Complex had achieved a record production of 1252.30 million tonne pressurised heavy water reactor (PHWR) fuel bundles in 2014-15 .