India is positioning itself for energy independence with investment opportunities worth $500 billion in its energy infrastructure, Prime Minister Narendra Modi announced on Tuesday during the India Energy Week conference.
“We are moving away from energy security to energy independence,” Modi said, highlighting the South Asian nation’s ambitious energy infrastructure drive. India is focusing on expanding affordable refining and transport options while boosting its capacity in natural gas. “We are aiming to make LNG transportation vessels domestically,” he added, signaling a push toward local liquefied natural gas (LNG) shipbuilding.