Anshul Gupta, co-founder of Hygenco Green Energies Pvt Ltd., highlighted that green hydrogen production using renewable power is becoming more cost-effective than gray hydrogen in India. With natural gas imports driving up gray hydrogen prices, the shift towards green hydrogen is gaining momentum. India, traditionally reliant on gray hydrogen, aims to reduce prices to $1.50 per kilogram and scale annual production to 5 million tons by 2030. Despite challenges in securing binding sales agreements, Indian businesses have committed substantial investments to produce 15 million tons annually, surpassing the government's target significantly. To support this growth, the government is offering incentives and considering import duty reductions. Hygenco, with plans to achieve an annual output of 150 million kilograms by 2030, emphasizes efficiency in manufacturing to manage costs effectively. Gupta challenges the notion that green hydrogen is inherently expensive, stressing the importance of process efficiency in cost management.