India, Jan. 28 -- Underlining the acceleration of reforms and the country moving from energy security towards energy independence, Prime Minister Narendra Modi on Tuesday said India's energy sector offers investment opportunities worth $500 billion.

Addressing the inaugural ceremony of India Energy Week 2026 via video conferencing, the PM said $100 billion investment is being targeted by the end of the decade in the upstream sector after landmark reforms and opening 1 million square kilometres of area for finding and producing oil and gas, while in the downstream, the nation is targeting to become the world's largest oil refining hub.

The ambitious target of more than doubling the share of natural gas in the energy basket to 15 per cent...