India is focusing on revolutionizing its steel industry through a low-carbon transition, with the introduction of a Green Steel Mission draft by the Ministry of Steel. This initiative, with an estimated cost of Rs 15,000 crore, aims to assist the steel industry in reducing carbon emissions. Green steel, manufactured using hydrogen and renewable energy instead of fossil fuels, offers a promising solution to significantly cut down carbon emissions. By implementing hydrogen-based processes and renewable energy integration, emissions can be reduced by up to 97% compared to traditional methods. The draft taxonomy policy defines green steel based on emission intensity, with specific benchmarks and star ratings to indicate the sustainability level of steel plants. The transition to green steel production in India presents financial and operational challenges for steelmakers, requiring investments in advanced technologies and supply chain restructuring. Incentivizing green steel manufacturing through adoption mandates and government support, such as tax incentives and capital subsidies, will be crucial to drive the industry forward. The National Institute of Secondary Steel Technology (NISST) plays a pivotal role in overseeing the implementation of India's green steel taxonomy, ensuring accurate measurement, reporting, and verification of emissions. By promoting sustainability and aligning steelmakers with global climate commitments, India aims to reshape its steel industry towards a greener and more sustainable future.