Indian finance minister Nirmala Sitharaman recently unveiled the country’s budget
India’s Hydrogen Mission gets budget boost
The country has kickstarted its ambition to become a green hydrogen production hub, but controversy over conglomerate Adani may slow a flagship project’s development
India has kickstarted its push to become a major green hydrogen production hub with the allocation of additional state funds to stimulate the development of production capacity and equipment manufacturing. The Indian government unveiled its National Green Hydrogen Mission (NGHM) in January, aiming to make the country energy independent and to decarbonise critical sectors. The mission will facilitate demand creation, production, utilisation and export of green hydrogen, with mobilisation of more than $987bn of investment by 2030. Of the $2.43bn outlay meant for the NGHM, around $2.16bn will go towards incentives for the production of green hydrogen and the manufacture of electrolysers.
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