India’s Energy Sector Offers USD 500 Billion Investment Opportunity: PM Modi at IEW 2026
Prime Minister Narendra Modi said that India’s energy sector offers USD 500 billion in investment opportunities, calling on global investors at India Energy Week 2026 to make, innovate, scale, and invest in India.
January 27, 2026. By Mrinmoy Dey
He urged the global community to: Make in India, Innovate in India, Scale with India, and Invest in India, addressing the representatives from nearly 125 countries who have gathered in Goa for IEW 2026.
Modi highlighted that India is a land of immense opportunities for the energy sector. He underlined that India is the world’s fastest-growing economy, which means the demand for energy products in the country is continuously rising. He emphasised that India also offers excellent opportunities to meet global demand.
The Indian PM noted that India is among the top five exporters of petroleum products in the world, with export coverage extending to more than 150 countries. He stated that this capacity of India will be of great benefit to all. He further stressed that the Energy Week platform is an excellent place to explore partnerships.
During his speech, the Prime Minister highlighted the signing of a landmark India–EU agreement, calling it the “mother of all deals,” noting that it represents nearly 25 percent of global GDP and one-third of global trade. He said the pact will strengthen trade, supply chains, manufacturing, and services, complement existing FTAs with the UK and EFTA, boost investor confidence, and create major opportunities for India and Europe, especially for youth and key export sectors.
Emphasising that India is actively working on global partnerships across every sector, Modi remarked that in the energy sector alone, there are vast investment opportunities across different areas of the energy value chain. He highlighted that India has significantly opened up its exploration sector and referred to the deep-sea exploration initiative known as the Samudra Manthan Mission. He stated that by the end of this decade, India aims to raise investments in the oil and gas sector to 100 billion dollars, with a target of expanding the scope of exploration to one million square kilometres. The Prime Minister noted that more than 170 blocks have already been awarded, and the Andaman and Nicobar basin is emerging as the next hydrocarbon hope.
Modi further reinforced that India possesses a very large refining capacity and currently ranks second in the world in this regard, and soon India will become the number one country globally in refining capacity. He noted that India’s present refining capacity stands at around 260 MMT per annum, and continuous efforts are underway to raise it beyond 300 MMT per annum. The Prime Minister underlined that this represents a major advantage for investors.
Highlighting that LNG demand in India is continuously rising, and the country has set a target to meet 15 percent of its total energy demand through LNG, the Prime Minister emphasised the need to work across the entire LNG value chain and noted that India is undertaking large-scale efforts in transportation. He remarked that India is working to build the vessels required for LNG transportation domestically, supported by a recently launched ship-building program worth seventy thousand crore rupees. He underlined that numerous investment opportunities have been created in constructing LNG terminals at Indian ports, as well as in regasification projects.
Modi stressed that India requires a vast pipeline network for LNG transportation, where significant investments have already been made, but large-scale opportunities still remain. He pointed out that city gas distribution networks have already reached many Indian cities and are rapidly expanding to others, making this sector highly attractive for investment.
The PM observed that with India’s large population and steadily growing economy, the demand for petrochemical products will continue to rise, necessitating extensive energy infrastructure. He affirmed that investment in this area will yield substantial growth and added that there are also abundant opportunities in downstream activities for investors.
Modi emphasised that reforms are being carried out to strengthen domestic hydrocarbons while creating a transparent and investor-friendly environment for global collaborations. India is now moving beyond energy security towards the mission of energy independence. India is developing an energy sector ecosystem capable of meeting local demand and, through affordable refining and transportation solutions, making exports highly competitive for the world, he said.
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