As the demand for green hydrogen rises in the renewable energy sector, companies in India such as Avaada Group, Hygenco Green Energies, and Thermax are actively working to reduce production costs and make it more economically viable. Avaada is integrating artificial intelligence and advanced analytics to optimize energy production and consumption patterns, ultimately lowering costs. Hygenco is leveraging IoT, AI, and machine learning for real-time yield maximization to reduce production costs. Thermax has partnered with Ceres to manufacture stack array modules for efficient green hydrogen production. Companies are focusing on stack energy consumption, advanced energy management systems, and efficient electrolysis technology. In line with India's goal of producing 5 million tonnes of green hydrogen by 2030, these innovations are crucial. Additionally, large conglomerates like RIL and Adani Group have announced plans to invest in green hydrogen and drive down its cost. RIL aims to achieve a production cost of $1 per kg of green hydrogen by 2030, with investments in electrolyser technology and green fuels. Adani Group envisions becoming a global leader in green hydrogen production, with plans to develop an integrated green hydrogen ecosystem. These initiatives signify a positive trend towards sustainability, innovation, and cost-efficiency in the green hydrogen sector in India.