New Delhi, Jan 27 (PTI): Prime Minister Narendra Modi on Tuesday invited global investors to invest in India’s rapidly expanding energy sector, highlighting a USD 500 billion investment opportunity and asserting that the country will soon emerge as the world’s largest refining hub.
Addressing India Energy Week 2026, Modi urged investments across the energy value chain, including refining, LNG infrastructure, city gas distribution, petrochemicals, and oil and gas exploration. “Our energy sector is at the heart of our aspirations. It offers investment opportunities worth USD 500 billion. My appeal is: Make in India, Innovate in India, Scale with India, Invest in India,” he said, noting that India already ranks among the top five energy exporters globally.
The Prime Minister said India is targeting USD 100 billion in investments in the oil and gas sector by 2030 and plans to expand its refining capacity from 260 million tonnes per annum (MTPA) to over 300 MTPA, which will make it the largest in the world. “This is a huge advantage for investors,” he said.
Modi underlined reforms in the exploration sector, stating that India has significantly reduced no-go areas and opened up exploration, including deep-sea initiatives such as the ‘Samudra Manthan’ project. With a vision to expand exploration to one million square kilometres, over 170 blocks have already been awarded. He added that the Andaman and Nicobar basin is emerging as a new hydrocarbon frontier.
Highlighting growing LNG demand, Modi said India aims to meet 15 per cent of its total energy needs through LNG, creating opportunities across the LNG value chain, including terminals, ports, re-gasification facilities and pipelines. He noted that India is also scaling up domestic shipbuilding for LNG transport, supported by a Rs 70,000 crore programme.
The Prime Minister pointed to strong investment potential in city gas distribution, downstream petrochemicals and energy infrastructure, driven by India’s large population and sustained economic growth. Emphasising ongoing reforms, he said India is creating a transparent and investor-friendly ecosystem for global collaboration and moving from energy security towards energy independence, with competitive solutions for both domestic use and exports.
Category: Breaking News
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