Union Minister Hardeep Singh Puri Highlights Indo-Japanese Energy Opportunities at Tokyo Industry Meet – Indian PSU
Hardeep Singh Puri, Minister of Petroleum and Natural Gas, today engaged with top Japanese industry leaders in Tokyo during a high-level Roundtable focused on strengthening Indo-Japanese collaboration across the entire energy value chain. The discussions underscored how India and Japan—two major Indo-Pacific economies—can partner to build secure, sustainable, and future-ready energy systems.
The Minister emphasised that India’s rapidly growing energy demand, unprecedented infrastructure growth under Prime Minister Narendra Modi’s leadership, and Japan’s global technological leadership make the India–Japan energy partnership both natural and strategically significant for long-term regional stability.
Joint Vision and Strategic Investment Momentum
Puri recalled that during Prime Minister Modi’s visit to Japan in August 2025, both countries adopted the India-Japan Joint Vision for the Next Decade. Building upon strong progress toward the earlier 2022–2026 investment target of JPY 5 trillion, India and Japan have now set an ambitious new goal of JPY 10 trillion (~USD 68 billion) in private investment for the near future.
This renewed target highlights deepening strategic alignment, particularly in clean energy, transition fuels, and next-generation technologies, and reflects the two nations’ commitment to converting this partnership into transformative outcomes.
India Offers USD 500 Billion in Energy Opportunities
Inviting Japanese companies to participate in India’s expanding energy ecosystem, the Minister said the country is opening up over USD 500 billion in investment opportunities across:
- Exploration and production
- LNG and gas infrastructure
- Shipping and maritime energy logistics
- Advanced clean energy technologies
He noted that India’s young talent pool, reformed business environment, and the philosophy of “Make in India for the World” offer vast potential for long-term Japanese investments.
Japan, he added, brings exceptional strengths in advanced industrial systems, high-quality infrastructure, manufacturing excellence, and green technologies, making the partnership highly complementary.
Investor-Friendly Policy Framework
Puri highlighted India’s sweeping energy-sector reforms, including:
- 100% FDI in key energy segments
- Transparent, competitive bidding
- Year-round exploration licensing
- Predictable and stable regulatory frameworks
He noted that India’s six major oil and gas PSUs recorded revenues of USD 315 billion in FY 2024–25, accounting for nearly 8% of India’s GDP—a scale that positions India as a global anchor in the energy landscape.
Energy Demand, Gas Infrastructure & Hydrogen Synergies
The Minister stated that as the world’s third-largest oil consumer, India will contribute nearly 30% of global incremental energy demand in the next two decades.
India’s expanding natural gas infrastructure—backed by USD 72 billion in investment—offers strong synergy with Japan’s technological expertise, especially in areas such as:
- LNG value chain integration
- Gas-based transition solutions
- Green hydrogen development
- Future-ready clean energy systems
- Legacy of Mutual Trust and Future Cooperation
Puri highlighted the long-standing trust between India and Japan, exemplified by the historic Maruti-Suzuki partnership, which transformed India’s manufacturing landscape. He said India and Japan now stand at a similar turning point in the energy sector, with opportunities to:
- Co-create resilient supply chains
- Develop skilled human capital
- Build world-class energy capabilities
- Strengthen Indo-Pacific energy security
The Minister concluded by inviting Japanese industry to invest deeper in India’s evolving energy landscape, assuring full support and facilitation from the Government of India.
