In a significant development, the European Energy Exchange (EEX), Indian Gas Exchange (IGX), and Gesellschaft für Internationale Zusammenarbeit (GIZ) have initiated a partnership to establish a hydrogen trading market in India. This collaboration is part of the International Hydrogen Ramp-Up (H2Uppp) program, which is financially supported by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). The main goal of the H2Uppp program is to support green hydrogen projects in emerging economies, with a specific emphasis on India. The primary phase of this initiative involves collecting market insights and fostering a community to set the stage for the expansion of the hydrogen market in the country. By bringing together stakeholders from various sectors of the hydrogen value chain and involving key decision-makers, the partners aim to create a strategic roadmap that will enable the introduction of a hydrogen index and trading services in the Indian market. Furthermore, Indian Gas Exchange (IGX) has taken a step forward in its commitment to this sector by signing a memorandum of understanding (MoU) with the ACME Group in February 2024. This partnership is geared towards establishing a market for green hydrogen and ammonia, showcasing a continued dedication to promoting sustainable energy practices in India.