New Delhi: Prime Minister Narendra Modi inaugurated the fourth edition of India Energy Week 2026 virtually on Tuesday, highlighting India as a prime destination for global energy investment. He described the country’s energy sector as offering investment opportunities worth nearly $500 billion and emphasised that India is now riding the ‘Reforms Express’ with rapid implementation of key reforms.
Addressing the event, PM Modi stated that India ranks among the world’s top five exporters of petroleum products, supplying to over 150 countries. This capacity positions India as a crucial player in meeting global energy demands.
The Prime Minister noted that India Energy Week has quickly evolved into a global platform for dialogue and action. With India being one of the fastest-growing major economies, the demand for energy products is rising steadily, presenting substantial opportunities for investors. The event in Goa has attracted representatives from approximately 125 countries.
PM Modi also spoke about India’s recent trade agreements with the European Union, the United Kingdom, and the European Free Trade Association (EFTA). These agreements cover around 25 percent of global GDP and nearly a third of world trade, which will not only strengthen trade and supply chains but also enhance investor confidence in India.
The Prime Minister outlined the government’s goal to expand India’s exploration area to one million square kilometres. Based on feedback from the last India Energy Week, laws and regulations have been improved to boost profitability for companies investing in the exploration sector. India currently holds the second position globally in refining capacity and is advancing towards becoming the leader.
He identified LNG transportation, shipbuilding, pipeline networks, and city gas distribution as highly attractive investment areas. India is working on special vessels for LNG transport and recently launched a ₹70,000 crore shipbuilding programme.
PM Modi highlighted the growing demand for petrochemical products driven by India’s large population and rapidly expanding economy, which will require significant energy infrastructure. Downstream sectors are also opening up new investment opportunities.
Underlining India’s energy strategy, the Prime Minister said the country is moving beyond energy security to pursue energy self-reliance. The government is enhancing domestic hydrocarbon production and fostering a transparent, investor-friendly environment for global cooperation.
He concluded with a call to global investors: “Make in India, Innovate in India, Scale with India, and Invest in India.”
The three-day event expects participation from over 75,000 energy professionals representing more than 120 countries. Its objectives include strengthening energy security, attracting investment, and exploring effective decarbonisation solutions.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Leave a Comment