Prime Minister Narendra Modi invited investors to invest in India’s energy industry on Tuesday, claiming that the country’s renewable energy targets for the next five years present several opportunities.
Referring to the objective of 500 GW of renewable energy and 5 million green hydrogen output by 2030, as well as the start of new bidding rounds for oil and gas assets, PM Modi stated, “There are possibilities of new investments, and I hope that you explore all possibilities in India”.
“There are many possibilities of investment in these sector,” PM Modi said addressing the India Energy Week 2025 (IEW’25) virtually.
“You are not just a part of India energy week, you are an important part of India’s energy ambitions,” he told investors.
PM Modi further said that all experts have been saying that the 21st century is India’s century. “Bharat is not only driving its own growth but driving global growth,” he added.
India’s energy ambitions, he said, are based on five pillars.
“We have resources which we are harnessing. We are encouraging our brilliant minds to innovate. Thirdly, we have economic strength and politically stability,” he said.
Also, he said, India has strategic geography which make energy trade easier and more attractive.
Besides, India is committed for global sustainability and this is aiding new possibilities in India’s energy sector, the prime minister added.
For Viksit Bharat, the next two decades are very crucial he said, adding that in the next five years we will cross many milestones.
“Our energy goals are aligned with the deadline of 2030,” he said.
We want to add 500 GW of RE capacity, Indian Railways will be net zero by 2030 and we aim to achieve 5 MT green hydrogen, he said.
Whatever India has achieved in the last ten years shows that these targets will be achieved, he stressed.
In the last 10 years, India has become the fifth largest economy from the tenth largest. In the last 10 years, solar generation capacity increased 32 times, he noted.
Today India is the third largest solar power generating nation and non-fossil fuel capacity increased three times, he said.
India is the first G20 country to meet the Paris Global Climate Conference’s carbon emission reduction objective, PM Modi added.
During India Energy Week 2025, energy buyers will meet with producers in the national capital.
IEW’25, which will cover more than 1 lakh square metres, will be the world’s second-largest energy event in terms of ministerial and CEO attendance, exhibition area, and session count.
The event will highlight India’s successes with the Pradhan Mantri Ujjwala Yojana (PMUY) as a model for worldwide adoption.
Its goal is to promote international collaboration, push policy discussions, and allow technology exchange in order to ensure that people throughout the world have access to clean, inexpensive cooking energy.
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