The Indian steel industry is advocating for government incentives to facilitate the adoption of green steel in various projects as part of the country's efforts to decarbonize steel production. The finance ministry in New Delhi is exploring financial support for the sector, but discussions are being influenced by the current high prices of green hydrogen. The delay in implementing these incentives could pose a challenge to India's ambitious energy transition plans aimed at achieving net-zero emissions by 2070. While the steel ministry is pushing for incentives to drive decarbonization initiatives, the finance ministry is cautious due to concerns about cost implications and possible inflationary pressures. Presently, a significant portion of steel production in India relies on coal, but the industry is looking towards green hydrogen as a cleaner alternative. Defining 'green steel' with specific carbon emissions criteria and aligning with global standards is a key focus. The discrepancies between Indian steel producers' carbon emissions and the global average highlight the urgency for decarbonization efforts. Balancing economic growth with environmental sustainability remains a critical aspect of the ongoing deliberations between the ministries, emphasizing the need for a strategic approach towards transitioning to greener steel production.