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.