BETUL:Prime Minister Narendra Modi on Tuesday said India’s energy sector offers investment opportunities worth USD 500 billion, as the country accelerates reforms and moves from energy security towards energy independence.

Addressing the inaugural ceremony of India Energy Week 2026 via video conferencing, he said USD 100 billion investment is being targeted by the end of the decade in the upstream sector after landmark reforms and opening 1 million square kilometres of area for finding and producing oil and gas, while in the downstream, the nation is targeting to become the world’s largest oil refining hub.

The ambitious target of more than doubling the share of natural gas in the energy basket to 15 per cent by 2030 will create opportunities in LNG and pipelines, while a growing economy will fuel demand for petrochemical products, he said.