Invest in India’s energy sector; offers USD 500 bn opportunity: PM Modi

Prime Minister Narendra Modi on Tuesday invited global investors to participate in India’s rapidly expanding energy sector, saying it offers an investment opportunity of nearly USD 500 billion and will soon make the country the world’s largest refining hub.

Addressing the India Energy Week 2026, the Prime Minister urged international companies and financial institutions to invest across the energy value chain, including refining, the LNG ecosystem, city gas distribution and oil and gas exploration.

“India’s energy sector is opening up unprecedented opportunities for global investors. This is the right time to be part of India’s growth story,” Modi said, adding that the government is committed to creating a stable and transparent policy environment.

He said India is targeting investments of around USD 100 billion in the oil and gas sector by 2030 to meet the rising energy needs of its fast-growing economy.

Highlighting infrastructure expansion, Modi said the country’s oil refining capacity will be increased from the current 260 million tonnes per annum (MTPA) to 300 MTPA in the coming years, which will strengthen India’s position as a major global refining hub.

The Prime Minister also underlined the importance of expanding the LNG value chain and city gas networks to ensure cleaner energy access and support urban and industrial growth.

India Energy Week has brought together global policymakers, investors and industry leaders to discuss energy security, transition strategies and investment opportunities, with India emerging as one of the most attractive destinations for long-term energy investments.