Prime Minister Narendra Modi is actively inviting global firms to invest in India, emphasizing the country's vast potential across various sectors. At the India Energy Week 2026 in Goa, Modi urged global investors to participate in India's expanding energy sector, highlighting a $500 billion investment opportunity. He stressed India's ambition to become a world leader in refining, encouraging investments in refining, LNG, city gas distribution, and exploration. India aims to attract $100 billion in oil and gas investments by 2030, with plans to increase refining capacity from 260 million tonnes per annum (MTPA) to 300 MTPA.
Modi's invitation extends beyond the energy sector. During the Wings India 2026 aviation summit in Hyderabad, he called on investors to "join us as co-pilots on India's flight to success," emphasizing India's rapid emergence as a major international aviation hub. He highlighted opportunities in aircraft manufacturing, pilot training, advanced air mobility, and aircraft leasing. The government is also preparing the next phase of the UDAN scheme to enhance regional air connectivity.
The Prime Minister has also pointed out India's strengths in diversity, demand, and scale within the food processing sector, inviting global investment and urging the industry to focus on biodegradable packaging innovations. He has emphasized that India keeps its doors open for investments and collaborations in the food processing sector.
Furthermore, Modi has underscored the importance of economic resilience, which can be achieved through stronger domestic capacities in manufacturing and a healthy financial system. He stated that India offers a combination of openness, opportunities, and options for investors. The government has made efforts to make the Indian economy more open and reform-oriented, ensuring increased competitiveness, transparency, and policy stability.
These invitations align with India's broader economic goals. The Prime Minister has highlighted India's commitment to becoming a developed nation by 2047, inviting businesses to explore opportunities in fintech, pharma, infrastructure, textiles, agriculture, and space technology. Reforms aimed at reducing compliance burdens for businesses and individuals, along with initiatives like the Export Promotion Mission and BharatTradeNet to improve logistics efficiency, demonstrate the government's commitment to fostering a trust-based economic environment.
India's commitment to renewable energy is also a key area for investment. The government aims to achieve net-zero emissions by 2070, positioning the renewable energy sector for vast potential. One hundred percent FDI is allowed under the automatic route for renewable energy generation and distribution projects. Solar power capacity has increased significantly, and the government is undertaking initiatives like solar parks and rooftop solar installations.
The textile sector also presents significant opportunities, with a market size projected to reach $350 billion by 2030. The government has launched the PM MITRA Park Scheme to create an integrated textiles value chain.
Overall, Prime Minister Modi's message to global firms is clear: India is open for business and offers a wide array of opportunities for growth and success across various sectors.
