Modi Invites Investments in India’s Power Sector

Prime Minister Narendra Modi has invited foreign investors to invest in India’s power sector. His message was read out by Power Secretary Pankaj Agarwal at the India Electricity Summit 2026. In his message, the Prime Minister highlighted that India offers vast opportunities for manufacturing, investment and innovation and welcomed global investors to grow alongside the country. He also noted that as one of the fastest-growing economies in the world, India is currently at a crucial stage in its energy sector development.

The Prime Minister expressed confidence that the summit would serve as a platform for meaningful collaborations and partnerships that would support India’s growth. He stated that efforts are underway to strengthen infrastructure to ensure quality electricity for all. Highlighting progress in renewable energy, he said that India’s achievements reflect its strong commitment, adding that the country has already reached 50% non-fossil fuel power capacity and is steadily moving towards achieving the 500 GW target by 2030.

Meanwhile, Pankaj Agarwal emphasized that to achieve 500 GW of renewable energy capacity by 2030 and 97 GW of thermal power capacity by 2034-25, India would require investments worth approximately $2.2 trillion over the next two decades.