India’s energy sector is emerging as one of the most attractive destinations for global capital, with opportunities worth up to USD 500 billion, Prime Minister Narendra Modi announced at the India Energy Week 2026 conference. Addressing investors and industry leaders virtually from Goa, the Prime Minister highlighted that the country’s growing energy demand and ongoing reforms have created expansive chances for investment across the entire energy value chain, from exploration and refining to infrastructure and downstream activities.

Key Highlights

• India offers $500 billion investment opportunities across oil, gas, refining, and energy infrastructure sectors.
• Government reforms, capacity expansion, and energy transition drive strong global investor interest in India’s energy market.

Modi said that India’s energy landscape is at the core of its economic growth aspirations and urged international partners to “Make in India, innovate in India, scale with India and invest in India”. He underscored that the sector’s potential spans traditional hydrocarbons, liquefied natural gas (LNG), petrochemicals, power infrastructure, and emerging energy technologies, offering avenues for both long-term and sustainable investments.

The Prime Minister outlined ambitious goals for the coming decade. India aims to attract USD 100 billion in oil and gas investments by 2030, expand exploration coverage to about one million square kilometres, and boost its refining capacity from around 260 million tonnes per annum (MTPA) to beyond 300 MTPA, positioning itself as a potential global refining hub.

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Modi also pointed to rapid expansion across the gas value chain, including the construction of LNG terminals, pipelines, city gas distribution networks, and even domestic shipbuilding for LNG transport, underpinned by a substantial ₹70,000 crore programme. These efforts, combined with reforms to attract private participation and ease regulatory barriers, are intended to make India a more investor-friendly energy market.

Highlighting why investor interest is rising, Narendra Modi said India already ranks among the top exporters of petroleum products globally, serving more than 150 countries, and reiterated that expanding energy infrastructure will support both domestic needs and export growth. He described the energy sector as central to India’s transition from energy security to energy independence, reinforcing its strategic importance to the nation’s long-term economic and technological future.