New Delhi, March 19 (NationPress) On Thursday, Prime Minister Narendra Modi called on the global investment community to "create, invest, innovate, and expand" within India's power sector.

In a written address delivered by Union Power Secretary Pankaj Aggarwal during the inaugural session of the 'Bharat Electricity Summit 2026', PM Modi emphasized that India is currently at a pivotal juncture in its energy evolution as the fastest-growing major economy worldwide.

"I invite the international community to manufacture in India, innovate in India, invest in India, and grow with India. I am optimistic that this summit will facilitate significant discussions and lasting partnerships to fuel India's development," the Prime Minister stated.

PM Modi highlighted that the summit's objective is to unify the entire power and energy landscape on a single platform for idea exchange, collaboration enhancement, and a collective roadmap for the advancement of the power sector and the improvement of lives.

"This reflects our shared determination to electrify growth sustainably, enhance global connections, and further India’s vision of a Viksit Bharat by 2047," he remarked.

India is at a crucial point in its energy development. As the world's fastest-growing major economy, we are bolstering infrastructure and ensuring dependable energy access for everyone, he pointed out.

"Our achievements in renewable energy are a clear demonstration of this commitment. We have already surpassed 50% in non-fossil fuel capacity, with a well-defined path to achieve 500 gigawatts by 2030," PM Modi emphasized.

Initiatives such as 'One Sun, One World, One Grid' illustrate our ambition for global collaboration, he noted.

India is emerging as a trustworthy energy partner through the construction of resilient supply chains, advancements in battery manufacturing, the creation of green jobs, and the facilitation of investments through bold reforms, PM Modi added.

The 'SHANTI Act 2025' paves the way for new opportunities in nuclear energy, while the PM Surya Ghar Muft Bijli Yojana is promoting decentralized generation and sustainable consumption.

Reforms in the distribution sector are also crucial for reducing AT&C losses and enhancing financial stability in 2024-25, indicating a more efficient and sustainable sector filled with opportunities across the entire value chain, making India an attractive investment destination with significant potential, the Prime Minister mentioned in his written address.