India's Green Hydrogen Revolution: INR 10 Lakh Crore Investment Target
Key Ideas
- India aims for 5 MTPA green hydrogen production and 20 GW electrolysers by 2030 with an INR 10 lakh crore investment potential.
- Policy measures like SIGHT Programme and PLI schemes are driving down the Levelised Cost of Hydrogen to make green hydrogen more competitive.
- Technological advancements in electrolysers, public-private collaborations, and global partnerships are accelerating India's green hydrogen sector.
- The country is strategically positioned to become a global green hydrogen powerhouse, leveraging its renewable energy base and supportive policy ecosystem.
India is propelling its green hydrogen sector forward with ambitious goals under the National Green Hydrogen Mission. The mission aims to produce 5 million tonnes of green hydrogen annually and install 20 GW of electrolyser capacity by 2030, presenting an investment opportunity of INR 10 lakh crore. Supported by initiatives like the SIGHT Programme and Production Linked Incentive schemes, India is working to reduce the Levelised Cost of Hydrogen significantly. Demand for green hydrogen is increasing in key industries, with green ammonia emerging as a stable carrier. Technology breakthroughs and collaborations are driving efficiency and cost reductions. India is also focusing on global exports, planning hydrogen terminals at major ports and establishing international partnerships. Despite challenges, India's renewable energy resources and favorable policies position it well to lead the green hydrogen revolution globally.