PM Modi calls on global investors to back India’s power sector

Prime Minister Narendra Modi on Thursday invited global investors to invest in the power sector, urging them to “make, invest, innovate, and scale” in India.

In a written message read out by Union Power Secretary Pankaj Aggarwal at the Bharat Electricity Summit 2026, Modi said India stands at a defining moment in its energy journey as the world’s fastest-growing major economy.

“I invite the global community to make in India, innovate in India, invest in India, and scale with India. I’m confident this summit will catalyse meaningful dialogue and enduring partnerships to power India’s growth,” Modi said.

Modi said the summit aims to bring the whole power and energy ecosystem onto a single platform to exchange ideas, foster collaboration, and chart a shared path to power growth and improve life. He said it reflects a collective resolve towards electrifying growth, bringing sustainability, connecting globally, and advancing India’s vision of a Viksit Bharat by 2047.

He said India stands at a defining moment in its energy journey and is strengthening infrastructure while ensuring reliable energy access for all. Referring to the country’s renewable energy push, Modi said over 50 per cent non-fossil fuel capacity has already been achieved, with a clear pathway to 500 gigawatt by 2030.

He said initiatives such as one sun, one world, one grid underscore India’s vision for global cooperation. Modi added that India is evolving into a reliable energy partner in building resilient supply chains, advancing battery manufacturing, creating green jobs, and enabling investments through reforms.

The prime minister said the SHANTI Act 2025 opens new frontiers in nuclear energy, while PM Surya Ghar Muft Bijli Yojana is driving distributed generation and sustainable consumption. He also said reforms in distribution are significant in reducing AT&C losses and improving finances in 2024-25, signalling a more efficient and sustainable sector with vast opportunities across the value chain.

He said these developments are making India a compelling destination for investment in the power sector. The four-day Bharat Electricity Summit 2026 began on Thursday.