New Delhi, March 19: Prime Minister Narendra Modi called on global investors to engage in ‘production, investment, innovation, and expansion’ within India’s power sector on Thursday.
During the first day of the ‘India Electricity Summit 2026’, a written message from PM Modi was read by Central Energy Secretary Pankaj Aggarwal. He emphasized that India stands at a crucial juncture in its energy journey, progressing as one of the world’s fastest-growing major economies.
“I invite the global community to build, innovate, invest, and move forward with India. I believe this summit will foster meaningful dialogue and strong partnerships that will energize India’s progress,” he stated.
The Prime Minister highlighted that the summit aims to bring together the entire power and energy sector on a single platform to exchange ideas, enhance collaboration, and chart a shared direction for the sector’s development.
He noted that this event is a significant step towards advancing economic progress alongside sustainable development, strengthening global connectivity, and achieving the goal of a ‘developed India’ by 2047.
PM Modi further mentioned that India is strengthening its infrastructure to meet its energy needs while ensuring reliable electricity access for all.
He revealed that India has already achieved over 50% non-fossil fuel capacity and aims to reach 500 gigawatts by 2030.
Referring to initiatives like ‘One Sun, One World, One Grid’, he stated that these reflect India’s vision for global cooperation.
He added that India is becoming a reliable energy partner through robust supply chains, battery manufacturing, green jobs, and reforms.
New opportunities in nuclear energy are emerging with the ‘Peace Act 2025’, while the ‘PM Solar Home Free Electricity Scheme’ promotes solar energy and encourages sustainable consumption.
In his written message, the Prime Minister noted that reforms in the electricity distribution sector have reduced losses (AT&C loss) and improved financial conditions, making the sector stronger and more attractive for investment.
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