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Prime Minister Modi highlighted that India's energy sector holds USD 500 billion in investment opportunities and encouraged global participation at India Energy Week 2026. He outlined plans to attract USD 100 billion in oil and gas investments by 2030 and expand refining capacity from 260 to 300 MTPA. Modi emphasized ongoing reforms across sectors and explained that the India-EU Free Trade Agreement, alongside the India-UK deal, will boost manufacturing and services. The trade pact covers 25% of global GDP and one-third of global trade, reflecting strong international economic collaboration.
Prime Minister Narendra Modi highlighted that India's energy sector presents investment opportunities worth USD 500 billion and encouraged global investors to explore these prospects. Speaking at India Energy Week 2026, he noted that energy demand in the country is steadily rising and projected that India will soon become the world's largest oil refining hub. Advertisement
He mentioned that the government is aiming to attract USD 100 billion in investments in the oil and gas sector by 2030 and plans to expand the nation's oil refining capacity from 260 million tonnes per annum to 300 MTPA. Modi emphasized that India is pursuing reforms across sectors to drive growth and improve efficiency.
On trade, he pointed out that the India-EU Free Trade Agreement complements the India-UK trade deal. He stated that this combination would strengthen the manufacturing sector and support services, creating opportunities for both Indians and Europeans. The Prime Minister described the India-EU agreement as a significant milestone, accounting for 25% of global GDP and one-third of global trade, reflecting effective coordination between the two economies.
India Energy Week 2026 continues to act as a leading global platform, bringing together policymakers, industry leaders, and innovators to advance energy security, sustainability, and inclusive growth. The event also underscores India's increasing prominence on the global energy stage and its ambition to become a major hub for energy investment.
Source PTI
FAQ
Q1. What investment opportunities did PM Modi highlight in India's energy sector?
Prime Minister Narendra Modi highlighted that India's energy sector presents investment opportunities worth USD 500 billion, spanning oil, gas, renewable energy, and associated infrastructure. He invited global investors to explore these prospects, emphasizing India's rapidly growing energy demand driven by industrialisation, urbanisation, and the transition towards cleaner energy sources. Modi positioned India as a reliable and high-potential market for international energy investments, underlining the country's ambition to become a global hub for energy production, refining, and distribution.
Q2. What are India's specific targets for oil, gas, and refining capacity?
The government aims to attract USD 100 billion in oil and gas sector investments by 2030. Alongside investment inflows, India plans to expand its refining capacity from 260 million tonnes per annum (MTPA) to 300 MTPA. This expansion is intended to strengthen India's position as the world's largest oil refining hub, improve energy security, and reduce reliance on imports. The plan also supports downstream industrial growth, as additional refining capacity will fuel petrochemical production, energy-intensive manufacturing, and exports.
Q3. How is India promoting energy sector reforms and growth?
PM Modi emphasized that the government is implementing comprehensive reforms across the energy sector to attract investments, improve efficiency, and ensure sustainable growth. These measures include streamlining regulations, enabling faster project approvals, promoting private and foreign participation, modernizing infrastructure, and advancing clean energy adoption. Reforms also aim to create transparent frameworks for renewable energy integration, storage, distribution, and transmission, aligning India's energy sector with global best practices and climate goals.
Q4. How do international trade agreements support India's energy and manufacturing objectives?
The Prime Minister pointed out that the India-EU Free Trade Agreement, combined with the India-UK trade deal, will boost both manufacturing and services sectors in India. The India-EU agreement alone covers 25% of global GDP and one-third of global trade, reflecting strong international economic cooperation. These pacts are expected to enhance investment flows into energy, improve technology transfer, strengthen industrial capabilities, and create new opportunities for cross-border collaboration in areas such as renewable energy, refining, and infrastructure development.
Q5. What role does India Energy Week 2026 play in India's energy ambitions?
India Energy Week 2026 serves as a major global platform for policymakers, industry leaders, investors, and innovators to converge and explore opportunities in India's energy market. The event focuses on energy security, sustainable practices, and inclusive growth, highlighting India's commitment to clean energy, technological advancement, and investment-friendly policies. It also allows India to showcase progress in renewable energy, power generation, and refining capacity while promoting dialogue with international partners to facilitate global investment and collaboration.
Q6. What is the broader significance of India's energy sector strategy?
India's energy sector strategy, encompassing USD 500 billion in opportunities, sector reforms, and international trade agreements, positions the country as a key player in the global energy market. Expanding refining capacity, promoting oil and gas investments, and integrating renewable energy infrastructure will strengthen India's energy security, reduce import dependence, and fuel industrial growth. The strategy also enhances India's global competitiveness, encourages technological innovation, creates employment, and aligns with the country's climate and sustainability commitments, paving the way for long-term economic resilience.
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