India has highlighted potential investment opportunities worth up to $500 billion in its energy sector as part of a broader push toward energy independence, Prime Minister Narendra Modi said at the India Energy Week conference. The announcement underlines the country’s ambition to expand its energy infrastructure and reduce reliance on imports.
Modi said India is moving from energy security toward energy independence, with major opportunities emerging across refining, exploration, and related infrastructure. He pointed to plans to make liquefied natural gas (LNG) transport vessels domestically to support growth in the gas sector. (
The South Asian nation, currently the world’s third-largest energy consumer and crude importer, aims to become the global leader in refining capacity. The government is looking to boost oil exploration opportunities to about $100 billion and expand exploration areas to roughly 1 million square kilometres.
Analysts say the investment push could attract global capital into India’s energy value chain, including refining, pipelines, and downstream infrastructure, as demand for energy products grows with the expanding economy.
Modi’s remarks come amid efforts to strengthen India’s strategic position in global energy markets, with plans that also encompass cleaner fuels and expanded LNG access as part of the nation’s long-term energy roadmap.
