Industry experts in Mumbai suggest that Indian green hydrogen and green ammonia developers are exploring offtake contracts in Japan and South Korea as the domestic market is still nascent. The senior vice-president of ICRA, Prashant Vasisht, highlights the potential for large-scale projects with investments worth crores if these contracts materialize. While the CEO of Apollo Green Energy, Sanjay Gupta, acknowledges the immaturity of the Indian market for such projects, he sees the opportunity for India to shine on the global stage by exporting green hydrogen. However, challenges such as cost competitiveness and project scalability hinder the sector's growth domestically. Arjun Mehta, a green hydrogen expert, notes that despite government support, challenges like limited offtake commitments, transmission capacity constraints, financing hurdles, and supply chain issues are impeding large-scale project development in India. Green hydrogen, produced from renewable sources, is vital for decarbonizing industries like heavy transport and steel production. India aims to leverage green hydrogen to reduce carbon emissions and solidify its position as a renewable energy leader on the global stage.