Prime Minister Narendra Modi has highlighted that India’s energy sector offers investment opportunities worth USD 500 billion, inviting global capital to participate in the nation’s expanding energy landscape. He made these remarks while addressing the India Energy Week 2026 conference on 27 January 2026.
Modi described India as a “land of opportunities for the energy sector,” pointing to the country’s growing demand for energy and its potential to become a major global energy hub. He emphasized that India is poised to soon become the world’s largest oil refining centre, supported by ongoing reforms and infrastructure development.
As part of this growth trajectory, the Prime Minister noted that India aims to attract USD 100 billion in investments in the oil and gas sector by 2030. He also said the country’s oil refining capacity will be expanded from 260 million tonnes per annum (MTPA) to 300 MTPA as part of the wider strategy to strengthen energy security and infrastructure.
Modi further highlighted that the recently signed India-EU Free Trade Agreement, along with the India-UK trade deal, will boost manufacturing and services, creating new avenues for domestic and international investors. He described the India-EU pact as the “mother of all deals”, noting its potential to benefit both Indian and European businesses.
India Energy Week 2026 serves as a high-profile platform bringing together policymakers, industry leaders and innovators to advance discussions on energy security, sustainability and inclusive growth — reinforcing India’s position as a key destination for global energy investments.
