The Energy & Resources Institute (TERI) in India has highlighted the importance of developing a competitive market for green hydrogen procurement. In a report, TERI recommended creating an entity like SECI to procure green hydrogen for industries through long-term contracts. Currently, there is no market for green hydrogen in India, leading to challenges in replacing carbon-emitting fossil fuels. The report stressed the need for sustained demand to attract investments and proposed competitive procurement of green hydrogen to meet downstream project demands. It suggested creating SPVs for different industrial segments to develop pilot plants and ensure assured supply of green hydrogen at competitive prices. By following these recommendations, the report aims to lower production costs, derisk investments, and foster a competitive industry structure in the green hydrogen sector.