India : presented a broad investment roadmap for its energy sector on Tuesday, highlighting opportunities worth an estimated $500 billion as the country seeks greater global participation in its expanding energy market. The announcement was made during the opening address at India Energy Week 2026, where Prime Minister Narendra Modi outlined the scale and direction of India’s long-term energy ambitions.

Speaking to an international audience of policymakers and industry representatives, Modi said India’s growing economy and rising energy consumption are creating sustained demand across multiple segments, from oil refining to infrastructure development. He emphasized that the country is positioning itself as a central player in the global energy landscape.

Growing Demand Driving Energy Expansion

India’s energy requirements are increasing steadily as industrial activity, urbanization, and consumption continue to rise. Modi noted that this demand growth presents long-term opportunities for investors looking for stable and scalable markets. According to the Prime Minister, India’s energy sector is entering a phase where capacity expansion and modernization are essential to meeting domestic and international needs.

He added that India is on track to emerge as the world’s largest oil refining hub, reflecting both the scale of its operations and its strategic location for serving global markets.

Refining Capacity Set for Major Increase

As part of this expansion, the government plans to raise India’s oil refining capacity from the current 260 million tonnes per annum to 300 million tonnes per annum. Modi said this increase will strengthen energy security while supporting exports and downstream industries.

The Prime Minister also stated that India is aiming to attract $100 billion in investments into the oil and gas sector by 2030. These investments are expected to support infrastructure upgrades, capacity additions, and technology integration across the sector.

Reforms Across Sectors to Support Investment

Modi highlighted that India is continuing to implement structural reforms across industries to improve ease of doing business and attract long-term capital. He described the country as being on a “reforms express,” with policy changes designed to create a predictable and transparent environment for investors.

These reforms, he said, are not limited to energy alone but extend across manufacturing, services, and trade, helping create a more integrated economic framework.

Trade Agreements Strengthen Manufacturing Outlook

During his address, Modi also referred to recent trade developments, noting that the India–European Union Free Trade Agreement complements the trade deal signed with the United Kingdom. He said these agreements are expected to provide a boost to India’s manufacturing base while supporting service-sector growth.

According to the Prime Minister, the India–EU agreement has opened new opportunities for businesses and workers on both sides. He described the deal as a strong example of coordination between two major economies.

Global Economic Impact of the India–EU Deal

Modi pointed out that the combined economic footprint of the India–EU agreement accounts for around 25 percent of global GDP and nearly one-third of global trade. He added that the scale of the agreement has led many to refer to it as the “mother of all deals,” reflecting its potential impact on global commerce.

The agreement, he said, is expected to enhance market access, encourage investment flows, and strengthen supply chains across regions.

India Energy Week as a Global Platform

India Energy Week 2026 continues to serve as a key international forum bringing together government leaders, industry executives, and innovators. The event focuses on advancing discussions around energy security, sustainability, and inclusive economic growth.

By convening stakeholders from across the global energy ecosystem, the platform aims to facilitate collaboration and share strategies that support long-term resilience in the energy sector.