New Delhi, Jan 27: Prime Minister Narendra Modi on Tuesday highlighted India’s energy sector as a major investment destination, offering opportunities worth USD 500 billion. Speaking at India Energy Week 2026, he urged global investors to explore the country’s growing energy market.
“India is a land of opportunities for the energy sector, as demand continues to rise. The nation will soon become the world’s largest oil refining hub,” Modi said. He outlined plans to attract USD 100 billion in oil and gas investments by 2030 and to increase oil refining capacity from 260 million tonnes per annum (MTPA) to 300 MTPA.
The Prime Minister noted that India is actively pursuing reforms across sectors, ensuring a business friendly environment. He also underscored the significance of the recently concluded India-EU Free Trade Agreement, calling it the “mother of all deals,” which complements the India-UK trade pact and will enhance manufacturing and service sectors.
“This agreement benefits both 140 crore Indians and Europeans, representing 25 per cent of global GDP and one-third of global trade. It is a perfect example of coordination between two major economies,” he added.
India Energy Week 2026 serves as a global platform bringing together policymakers, industry leaders, and innovators to promote energy security, sustainability, and inclusive economic growth.