India's energy sector offers USD 500 billion investment opportunities: PM Modi
New Delhi (PTI): Prime Minister Narendra Modi on Tuesday said India's energy sector offers USD 500 billion investment opportunities and urged global investors to invest in the country.
Addressing the India Energy Week 2026, he said, "India is a land of opportunities for the energy sector as demand is continuously increasing … India will soon become the world's largest oil refining hub”
The Prime Minister said the nation is targeting USD 100 billion investments in the oil and gas sector by 2030, and the oil refining capacity will be expanded from 260 million tonnes per annum to 300 MTPA.
He said that India is riding the reforms express and undertaking reforms across sectors.
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Modi said the India-EU Free Trade Agreement complements the India-UK trade deal, as it will boost the manufacturing sector and support services.
He said people are discussing the India-EU trade deal as the “mother of all deals” and this agreement has brought a lot of opportunities for 140 crore Indians as well as Europeans.
This is an excellent example of coordination between two economies.
This agreement accounts for 25 per cent of global GDP and one-third of global trade, Modi said.
India Energy Week 2026 serves as a premier global platform uniting policymakers, industry leaders and innovators to advance energy security, sustainability and inclusive growth.
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Navy ensures security of Indian commercial ships, oil tankers: Defence Minister Rajnath Singh
Visakhapatnam (PTI): Pointing out that 95 per cent of the country’s trade, including energy supplies, is conducted through sea, Defence Minister Rajnath Singh on Friday noted the Indian Navy's indispensable role in securing commercial shipping lanes and oil tankers against emerging maritime threats.
Speaking at the commissioning ceremony of INS Taragiri here, the Defence Minister said the Indian Navy continuously maintains its presence in the Indian Ocean--whether it is the Persian Gulf or the Malacca Strait.
Singh’s comments assume significance following the disruption of oil supplies and blockage of oil tankers in view of the prevailing situation in West Asia.
According to him, a strong and capable navy is not an option for the country, but a necessity.
“There are many sensitive points in the sea where our Navy has continuously made its active presence to ensure the smooth supply of goods. Whenever there is a situation of tension there, the Indian Navy has ensured the security of our commercial ships and oil tankers,” he said.
The Indian Navy has proven that it is not only capable of protecting the interests of the country, but if necessary, can also take every step to ensure the safety of its citizens and trade routes around the world, he added.
Citing history, he said without strengthening the naval power, no country can be considered powerful in the right sense and therefore, when Prime Minister Narendra Modi talks about Viksit Bharat by 2047, the basis of marine power becomes very important.
