“India Is a Land of Immense Opportunities for Energy Sector”: PM Modi

• PM Modi addresses India Energy Week 2026 via video link
• Calls India a major global hub for energy investments
• Highlights India–EU FTA as landmark economic coordination
• Says India moving from energy security to energy independence

GG News Bureau
New Delhi/ Panaji, 27th Jan: Prime Minister Narendra Modi on Tuesday addressed the inaugural ceremony of India Energy Week 2026 via video conferencing, describing India as a land of immense opportunities for the global energy sector and calling on investors to “Make in India, Innovate in India, Scale with India, Invest in India.”

Welcoming delegates from nearly 125 countries, the Prime Minister said India Energy Week has rapidly emerged as a major global platform for dialogue and action on energy security and sustainability. He said India’s status as the world’s fastest-growing major economy is driving rising energy demand and creating strong opportunities for global partnerships.

Highlighting India’s growing global role, Modi said the country is among the top five exporters of petroleum products, supplying to over 150 countries. He said this capacity strengthens India’s position as a reliable energy partner for the world.

Referring to a major development, the Prime Minister said a landmark free trade agreement between India and the European Union was signed recently, describing it as a remarkable example of coordination between two of the world’s largest economies. He said the agreement represents nearly 25 percent of global GDP and about one-third of global trade, and will boost manufacturing, services and investor confidence in India.

Modi said the India–EU FTA will complement agreements with the UK and EFTA, strengthening global supply chains and opening new opportunities for sectors such as textiles, gems and jewellery, leather and footwear.

On the energy sector, the Prime Minister said India is opening up its exploration sector and expanding deep-sea exploration under the Samudra Manthan Mission. He said India aims to attract $100 billion in oil and gas investments by the end of the decade and expand exploration to one million square kilometres, with the Andaman and Nicobar basin emerging as a new hydrocarbon frontier.

Highlighting India’s refining strength, Modi said India currently ranks second globally in refining capacity and is on track to become number one. He said India’s refining capacity of around 260 MMT per annum is being expanded beyond 300 MMT, creating major opportunities for investors.

The Prime Minister said LNG demand in India is rising steadily, with a target to meet 15 percent of total energy demand through LNG. He highlighted investment opportunities across the LNG value chain, including shipbuilding, LNG terminals, regasification projects, pipelines and city gas distribution networks.

Stressing reforms, Modi said India is moving beyond energy security towards the mission of energy independence. He said India is building a transparent, investor-friendly energy ecosystem capable of meeting domestic demand while making exports globally competitive.

“The energy sector is at the heart of our aspirations. It holds $500 billion in investment opportunities,” the Prime Minister said, reiterating his call to global investors to partner with India’s growth journey.

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Goa Chief Minister Pramod Sawant were among the dignitaries present at the event.