VOC Port in India Aims to Become a Green Hydrogen Hub and Expand Shipbuilding
Key Ideas
  • VOC Port in India is planning to establish a pilot plant with a daily capacity of 10 tonnes to gain experience in green hydrogen production and related processes.
  • Discussions are ongoing with a Korean conglomerate for setting up a shipbuilding facility in Thoothukudi, as part of India's goal to expand its fleet size.
  • Union shipping ministry is exploring options to reduce dependence on foreign shipping companies by adding 1,000 new vessels in 10 years, with a focus on local shipbuilders.
  • A Maritime Development Fund with a corpus of Rs 25,000 crore will be established to provide long-term financing for the maritime industry, with significant government contribution.
The VOC Port in India, located in Thoothukudi, is aiming to position itself as the green hydrogen hub of the country. To achieve this, the port is planning to set up a pilot plant with a daily capacity of 10 tonnes to gain practical experience in producing, storing, and transporting green hydrogen. Additionally, discussions are underway with a Korean conglomerate to establish a shipbuilding facility at the port, as part of India's strategy to expand its fleet size and reduce reliance on foreign shipping companies. The Union shipping ministry is actively involved in exploring various options to achieve this goal, emphasizing the importance of local shipbuilders. Plans also include the creation of a Maritime Development Fund worth Rs 25,000 crore to facilitate long-term financing for the maritime sector, with a significant government contribution. This multi-faceted approach not only positions VOC Port as a key player in green hydrogen but also highlights India's commitment to enhancing its maritime infrastructure and industry.
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