"We are moving away from energy security to energy independence ... There is a $500 billion opportunity in India's energy infrastructure," Modi told delegates at the India Energy Week conference.
India is building energy infrastructure to meet demand, he said, looking towards affordable refining and transport options. In natural gas, Modi added, "We are aiming to make LNG transportation vessels domestically."
The South Asian nation aims to become the world's No. 1 in refining capacity, he said. India is currently the third largest energy consumer and importer of crude.
It aims to boost to $100 billion the opportunities on offer in oil exploration, in the effort to lift the area under exploration to 1 million square kilometers (386,000 sq. miles).
(Reuters, January 27, 2026)