India aims to reduce its dependence on fossil fuel imports
India approves $2.3bn green hydrogen plan
Government targets 5mn t/yr of production capacity by 2030
The Indian government has approved an INR197bn ($2.3bn) budget for its National Green Hydrogen Mission, with INR174.9bn allocated to incentives for domestic electrolyser manufacturing and hydrogen production. India is targeting installation of 5mn t/yr of green hydrogen capacity, with 125GW of additional renewables, by 2030. The government expects this to enable the abatement of nearly 50mn t/yr of CO₂ emissions from the country’s industrial, mobility and energy sectors by that year, as well as the cumulative reduction of INR1tn of fossil fuel imports. The country imported 85.6pc of its crude oil in the previous financial year amid declining production and rising demand but has set a target
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
