US EditionIndia Flags Potential for Investments of $500 Billion in Energy Sector
PM Modi highlighted $500 billion in investment opportunities to expand refining, LNG infrastructure, and city gas distribution, aiming for energy independence and global export growth.
- On Tuesday, Prime Minister Narendra Modi urged global investors at India Energy Week 2026 to tap nearly USD 500 billion in India’s energy sector and said India is on track to become the world’s largest oil refining hub in the near future.
- The government says it has liberalised the hydrocarbons sector through reforms and rule changes, reducing no-go areas and awarding more than 170 exploration blocks to create an investor-friendly environment.
- Listing sectors first, the prime minister named petrochemicals, refining, LNG value chain and oil and gas exploration as priority sectors, with a recently launched Rs 70,000 crore shipbuilding programme supporting LNG infrastructure.
- The government has set a USD 100 billion target for oil and gas investment by 2030, with plans to expand refining capacity from around 260 MTPA to over 300 million tonnes per annum.
- Export reach to over 150 countries complements plans to expand exploration to one million square kilometres, despite an oil import dependency of over 88% and being one of the top five exporters of petroleum products.
18 Articles
18 Articles
India's energy sector offers $500-billion investment opportunity, says Modi
The government aims to attract $100 billion in investments in the oil and gas exploration space by 2030, says Prime Minister Narendra Modi at the inaugural session of the India Energy Week 2026.
Energy sector at centre of India’s aspirations, presents $500-billion opportunity: PM Modi to investors
India, while being among the largest consumers of crude, has an oil import dependency level of over 88%, and has been looking to increase domestic oil and gas production by intensifying exploration efforts.
Times of India
The Economic TimesInvest in India's energy sector; offers USD 500 billion investment opportunity: PM Modi
Prime Minister Modi has invited global investors to India's burgeoning energy sector, highlighting a USD 500 billion opportunity. He emphasized the nation's ambition to become the world's largest refining hub, urging investments in refining, LNG, city gas distribution, and exploration. India aims for USD 100 billion in oil and gas investments by 2030, expanding refining capacity and exploration scope.
India Sets Sights on $500 Billion Energy Expansion
India’s energy sector offers $500 billion in investment opportunities, including in exploration, refining, and LNG, Indian Prime Minister Narendra Modi said on Tuesday. “Our energy sector is at the heart of our aspirations. It offers investment opportunities worth $500 billion. Therefore, my appeal is: Make in India, innovate in India, Scale with India, Invest in India,” Modi in an address at the India Energy Week 2026. “India is a land of im…
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