New Delhi, March 19 (IANS). Prime Minister Narendra Modi on Thursday called on global investors to ‘produce, invest, innovate and expand’ India’s power sector.
In a written message read out by Union Energy Secretary Pankaj Agarwal on the first day of the ‘India Electricity Summit 2026’ held in the national capital, PM Modi said India stands at an important juncture of its energy journey and is moving forward as the world’s fastest growing large economy.
He said, “I invite the global community to build, innovate, invest and grow with India. I am confident that this summit will foster meaningful dialogue and strong partnerships that will energize India’s progress.”
Prime Minister Modi said that the objective of this summit is to bring the entire power and energy sector on one platform so that ideas can be exchanged, cooperation can be increased and a common direction can be set for the development of the sector.
He said that this event is an important step towards advancing economic progress with sustainable development, strengthening global connectivity and achieving the goal of ‘Developed India’ by 2047.
The Prime Minister further said that India is strengthening infrastructure to meet its energy needs and ensure reliable electricity access to all.
He said India has already achieved more than 50 per cent non-fossil fuel capacity and aims to reach 500 GW capacity by 2030.
Referring to initiatives like ‘One Sun, One World, One Grid’, PM Modi said that it reflects India’s vision towards global cooperation.
He said India is becoming a reliable energy partner through strong supply chains, battery manufacturing, green jobs and reforms.
The ‘Peace Act 2025’ is opening up new opportunities for nuclear energy, while the ‘PM Surya Ghar Free Electricity Scheme’ is promoting solar energy and encouraging sustainable consumption.
In his written message, the Prime Minister said that reforms in the power distribution sector have reduced losses (AT&C losses) and improved financial position, making the sector more robust and attractive for investment.
–IANS
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