The European Investment Bank (EIB) has pledged a significant investment of €1 billion to support India's green hydrogen sector. Nicola Beer, the Vice President of EIB, highlighted the opportunities in India's green hydrogen mission and emphasized the importance of collaborations to develop clean technology, particularly in electrolyzers. The EIB's involvement in the India Hydrogen Alliance aims to provide funding for large-scale green hydrogen projects and hubs across India. While the funding is yet to be disbursed, the EIB is actively engaging with the ecosystem to identify bankable projects. The EIB's history of investments in India spans various sectors, including urban mobility, solar, wind, and water projects. With nearly €5 billion invested since 1993, the EIB has been instrumental in supporting India's initiatives in climate action, sustainable transport, and renewable energy. Over 90% of EIB's investments in India are directed towards climate-relevant projects. In addition to financial support, the EIB also offers technical assistance and advisory services to facilitate project implementation. Beer emphasized the importance of investing in greener technologies to address environmental concerns and highlighted the potential for clean energy to become cost-competitive with traditional sources. The EIB's commitment to India's green hydrogen sector signifies a significant step towards sustainable development and clean energy adoption in the country.