India's Ambitions in Green Hydrogen: Investment, Innovation, and Global Leadership
Key Ideas
  • India aims to attract Rs 8 lakh crore in Green Hydrogen investments to become a global production and export hub, generating 6 lakh jobs.
  • The country targets the production of 5 million metric tons of green hydrogen by 2030, requiring a $100 billion investment and development of 125 gigawatts of new renewable energy capacity.
  • The Green Hydrogen Mission in India could attract Rs 8 lakh crore in investments, reduce dependence on imported natural gas and ammonia, and contribute to decarbonizing the economy.
  • India's renewable energy capacity has seen significant growth, with solar capacity leading with a remarkable 3000 percent increase over the last decade.
During a global conference, India's Prime Minister Narendra Modi highlighted the country's ambitions to establish itself as a global center for the production and export of Green Hydrogen. The government is heavily investing in research and development to support this vision. The aim is to lure Rs 8 lakh crore in investments for Green Hydrogen and create 6 lakh jobs. Additionally, India plans to produce 5 million metric tons of green hydrogen by 2030, necessitating a $100 billion investment and 125 gigawatts of new renewable energy capacity. This initiative aims to significantly reduce the nation's reliance on imported natural gas and ammonia. The Green Hydrogen Mission in India is expected to draw Rs 8 lakh crore in investments and generate employment opportunities. By 2050, India's hydrogen demand is expected to reach 29 MMT per year. The country has witnessed substantial growth in renewable energy capacity, with solar capacity expanding by an impressive 3000 percent over the past decade, reflecting India's commitment to sustainable energy development.
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