India is making significant strides in the renewable ammonia market, aiming to produce 5 million metric tons of renewable hydrogen by 2030 and secure a 10 per cent share of the global trade. Leading entities like ACME-IHI and ReNew-Jera have already signed non-binding supply agreements for renewable ammonia, paving the way for more agreements to follow. The country's renewable energy sector benefits from various incentives such as cheap power, subsidies, and low-cost loans, accelerating large-scale projects expected to begin exports by 2027. However, concerns exist regarding government policy consistency and competition from markets like Japan and South Korea. Despite these challenges, India's renewable hydrogen/ammonia is anticipated to maintain global competitiveness due to cost advantages and favorable transport costs. Industry leaders express confidence in India's ability to meet stringent European standards for renewable fuels at a fraction of the cost incurred in other markets, highlighting the country's potential to produce renewable hydrogen at a significantly lower cost even without subsidies.