Prime Minister Narendra Modi recently addressed the inaugural ceremony of India Energy Week 2026 via video conferencing, describing India as a land of immense opportunity for the global energy sector. He noted that representatives from nearly 125 countries had gathered to deliberate on building an energy-secure and sustainable future, underlining the event’s growing stature as a global platform for dialogue and action.

The Prime Minister highlighted that India’s position as the world’s fastest-growing major economy is driving sustained growth in energy demand, while also creating opportunities to meet global requirements. He pointed out that India is among the top five exporters of petroleum products, supplying over 150 countries, and said this strength offers significant scope for international partnerships.

Referring to the recently concluded India–EU Free Trade Agreement, the Prime Minister described it as a remarkable example of coordination between two of the world’s largest economies, representing nearly a quarter of global GDP and about one-third of global trade. He added that the agreement would complement existing trade pacts, strengthen global supply chains, and boost manufacturing and services, particularly benefiting labour-intensive sectors.

The Prime Minister said India’s energy sector alone offers vast investment opportunities across the value chain. He highlighted reforms in oil and gas exploration, the Samudra Manthan deep-sea exploration initiative, and plans to raise sectoral investments to USD 100 billion by the end of the decade. He also noted India’s large and expanding refining capacity, rising LNG demand, growing pipeline and city gas networks, and increasing petrochemical requirements.

Emphasising ongoing reforms, the Prime Minister said India is moving beyond energy security towards energy independence. He concluded by stating that the energy sector lies at the heart of India’s aspirations, offering USD 500 billion in investment opportunities, and invited global stakeholders to Make in India, Innovate in India, Scale with India and Invest in India.