New Delhi, Sept 29: India is positioning itself as a leader in the global hydrogen industry, particularly in green hydrogen, according to a recent S&P Global report.
The country aims to become a low-cost hydrogen supplier by leveraging its strong asset base and securing offtake agreements.
The National Green Hydrogen Mission, approved by the Union Cabinet with a budget of Rs 19,744 crore, aims for India to produce 5 million metric tonnes by 2030, capturing 10% of global trade. Recent initiatives include the establishment of “hydrogen highways” for freight and a funding scheme for hydrogen innovation projects.
