Prime Minister Narendra Modi virtually inaugurated the fourth edition of India Energy Week (IEW) 2026, calling it a global platform for energy dialogue and action. He emphasized India’s vast opportunities in the energy sector, highlighting the country’s rapid economic growth and increasing demand for energy products. PM Modi praised the India-EU Free Trade Agreement as a significant deal, symbolizing strong synergy between two major economies.
India and the EU have finalized negotiations on the free trade agreement, aiming to boost trade and economic ties. PM Modi described the FTA as a model of collaboration, representing a substantial portion of global GDP and trade. He commended the agreement for reinforcing shared values of democracy and the rule of law, enhancing trade relationships and global supply chains.
Addressing various sectors, PM Modi expressed optimism about the FTA’s impact on manufacturing and services in India. He underlined the agreement’s potential to boost investor confidence and strengthen India’s position in the global business landscape. The Prime Minister highlighted India’s energy sector’s investment potential and ongoing reforms to attract foreign investments and promote growth.
PM Modi emphasized India’s refining capacity and efforts to expand it further, positioning the country as a key player in the global refining industry. He discussed initiatives in LNG transportation, shipbuilding, and the development of LNG terminals and pipelines in India. The Prime Minister also highlighted investment opportunities in petrochemical products, downstream activities, and the City Gas Distribution network.
India’s focus on reforms across sectors, including the energy industry, was underscored by PM Modi. He invited global collaboration in India’s energy sector, emphasizing the country’s mission towards energy independence. The Prime Minister highlighted the significant investment opportunities in India’s energy sector, amounting to $500 billion, and encouraged international stakeholders to engage in India’s growth story.
