The country’s power sector may grow rapidly in the coming days. For this, the country’s Prime Minister Narendra Modi himself has called foreign investors to invest money in this sector. PM Modi on Thursday invited global investors to invest in the power sector and invited them to “build, invest, innovate and expand” in India.
In a written message read out by Union Power Secretary Pankaj Aggarwal at the India Electricity Summit 2026, the PM said that as the world’s fastest growing large economy, India stands at a critical juncture in its energy journey.
Global investors invited
PM Modi said that I invite the global community to manufacture in India, develop new things in India, invest in India and move forward with India. I am confident that this summit will foster fruitful dialogue and long-term partnerships to accelerate India’s development. Narendra Modi said that the objective of this summit is to bring the entire power and energy related system on a single platform, so that ideas can be exchanged, cooperation can be increased and a common path can be created to accelerate development and improve the quality of life of the people.
target till 2030
He said it reflects our collective resolve to power development and bring stability, engage globally and advance the goal of a developed India by 2047. India stands at an important juncture in its energy journey. As the world’s fastest growing major economy, we are strengthening infrastructure and ensuring reliable energy access for all. He said that our progress in renewable energy is a proof of this commitment. More than 50 percent non-fossil fuel capacity has already been achieved and there is a clear target to reach 500 GW by 2030.
He said that the ‘Peace Act 2025’ opens new opportunities in the field of nuclear energy, while the ‘PM Surya Ghar Free Electricity Scheme’ is promoting small-scale power generation and sustainable use. The Prime Minister in his written message said that both reforms and distribution are equally important to reduce AT&C losses and improve the financial position in 2024-25. This indicates a more efficient and sustainable sector, with many opportunities across the system, making India attractive for large-scale investment.
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