India's Transportation Sector Set to Transform with Green Hydrogen Initiative
Key Ideas
  • Mustafa Wajid highlights the positive impact of India's Green Hydrogen mission on the transportation sector, signaling a shift towards sustainable practices.
  • The focus on utilizing green hydrogen in industrial processes first, like steel and fertiliser industries, paves the way for its adoption in transportation, particularly in larger vehicles for long-haul operations.
  • Wajid stresses the importance of green hydrogen's availability, access, and cost in determining its acceptance within the cost-sensitive logistic industry, emphasizing the need for economic viability.
  • BillionE's efforts in deploying electric trucks aim to reduce the heavy reliance on petroleum products for transportation, aligning with India's growing transportation needs driven by urbanization, consumerism, and e-commerce growth.
During the NDTV World Summit in New Delhi, Mustafa Wajid, Co-Founder of BILLIONe and Managing Director of MEHER Group, expressed optimism about India's Green Hydrogen mission and its future impact on the transportation sector. The initiative, initially focused on industrial processes like steel and fertiliser industries, is expected to transition towards transportation, especially in larger vehicles for long-haul operations. Wajid emphasized the need for economic justification in any industrial activity, highlighting the logistic industry's cost sensitivity and the significance of green hydrogen's availability and affordability for widespread adoption. Furthermore, Wajid highlighted the rapid growth expected in electric vehicles (EVs) over the next few years, emphasizing the integration of green electricity with EVs for a sustainable transportation ecosystem. BILLIONe's efforts are directed towards reducing the reliance on fossil fuels, with a particular focus on electric trucks to address the substantial petrol and diesel consumption in India's transportation sector, which has tripled in the last three years due to urbanization, consumer trends, and the rise of e-commerce.
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