The above statement means, 1). Uranium Import bill will be less than oil import bill (not to count its enrichment and technology spare parts for it). 2). Nuclear energy will be a cheaper option and can address India's rising energy demand immediately.
Both claims look far from 100% truth. Prices of Uranium (ore and not the refined or enriched one) is going exponentially high. At the same time we are going to pay for its enrichment, handling and waste management (that is enormous expenditure) I wish our economist PM reveal the supposed expenditure for enrichment of Uranium, its handling, its waste disposal and the fees of technology transfer for above all. PM also should give idea how much a unit of power would cost to our Industry and/or farmers and other sector.