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Key Points

India is emerging as a potential global leader in green hydrogen production with an ambitious national mission. The government has approved a substantial budget and set aggressive targets for hydrogen production and export. Strategic infrastructure developments like hydrogen highways are being implemented to support this transition. The initiative aims to position India as a low-cost, competitive player in the global clean energy market.

Key Points: India's Green Hydrogen Mission Targets Global Leadership

  • India aims to produce 5 million metric tonnes of green hydrogen annually by 2030
  • National Green Hydrogen Mission approved with Rs 19,744 crore budget
  • Targeting 10% of global hydrogen trade
  • Strategic hydrogen highways launched to support infrastructure
2 min read

India to lead global green hydrogen push due to its strong asset base: Report

India poised to become a major green hydrogen producer with ambitious national mission targeting global market expansion by 2030

"India is positioned to lead the world in developing green hydrogen - S&P Global Report"

New Delhi, Sep 28

India is emerging as a global leader in the hydrogen industry, with a strong focus on green hydrogen, according to a report.

The data compiled by S&P Global said that India's potential to become a low-cost hydrogen supplier depends on sustaining its early momentum against strong competitors and securing offtake agreements.

India is positioned to lead the world in developing green hydrogen because of its strong asset base, the report added.

It highlighted India's impressive progress in developing hydrogen capabilities and its leadership role in the global hydrogen industry. Analysts highlighted the National Green Hydrogen Mission's significance for the transition to cleaner energy and energy independence.

The Union Cabinet approved the Mission on January 4, 2023, with a budget of Rs 19,744 crore. The initiative aims to establish India as a global centre for the production, utilisation, and export of green hydrogen and its derivatives, with a target of 5 million metric tonnes of annual production by 2030 and also sets a goal of capturing 10 per cent of the global trade.

Indian developers are hoping to gain a low-cost advantage, which, in addition to its geographical location, can enable exports to the EU, Japan and South Korea, the report said.

Union Road Transport and Highways Minister Nitin Gadkari had on September 26 launched India's first "hydrogen highways", accelerating the country's green hydrogen initiatives.

The project involves setting up hydrogen fuelling stations along strategic national highway corridors to support long-haul hydrogen-powered freight.

The government also recently announced a Rs 100 crore call for proposals to support start-ups in hydrogen innovation.

The scheme allocates up to Rs 5 crore per project for pilot projects in hydrogen production, storage, transport, and utilisation technologies.

- IANS

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Reader Comments

R
Rohit P
While the ambition is commendable, I hope the implementation is better than previous renewable energy projects. We need to ensure the ₹100 crore startup fund actually reaches innovators and isn't lost in bureaucracy.
A
Arjun K
Great to see India taking bold steps in green energy! The geographical advantage for exports to EU and East Asia is a game-changer. Hope this creates lakhs of new jobs for our youth 🤞
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Sarah B
As someone working in renewable energy sector, this is exactly the kind of vision India needs. The 5 million metric tonnes target by 2030 is ambitious but achievable if private sector partnerships work well.
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Vikram M
Hydrogen highways for freight transport could revolutionize logistics in India. This could reduce our oil import bill significantly while cleaning up our cities' air quality. Win-win situation! ✨
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Michael C
The ₹19,744 crore investment shows serious commitment. Hope the focus remains on developing indigenous technology rather than depending on foreign imports. Atmanirbhar Bharat in energy sector is crucial for long-term success.

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