The European Energy Exchange (EEX), Indian Gas Exchange (IGX), and Gesellschaft für Internationale Zusammenarbeit (GIZ) have joined forces to advance the development of a hydrogen trading market in India. This partnership is part of the International Hydrogen Ramp-Up (H2Uppp) initiative, backed by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). The primary focus of the H2Uppp program is to promote green hydrogen projects in key emerging economies like India. The collaboration involves engaging stakeholders across the hydrogen value chain, including producers, traders, transporters, consumers, as well as policymakers and regulators. The end goal of this venture is to devise an action plan that will pave the way for the establishment of a hydrogen index and trading services in India. In a related development, the Indian Gas Exchange (IGX) and the ACME Group recently signed a memorandum of understanding in February 2024 to work together on creating a market for green hydrogen and ammonia in India. These collaborative efforts signify a positive stride towards enhancing the hydrogen market in India and fostering sustainable energy practices in the region.