On January 4th, 2023, the Indian Union Cabinet approved the National Green Hydrogen Mission with a budget of ₹19,744 crore from FY 2023-24 to FY 2029-30.
The aim of the Mission is to position India as a global hub for the production, usage, and export of green hydrogen and its derivatives.
The Mission includes various components, such as facilitating demand creation through exports and domestic utilization, implementing a strategic intervention program for green hydrogen transition (SIGHT), launching pilot projects for various industries, developing green hydrogen hubs, supporting infrastructure development, establishing a regulatory framework, conducting research & development and skill development programs, and raising public awareness through outreach programs.
By 2030, the Mission targets to achieve a green hydrogen production capacity of 5 MMT per annum, reducing India’s dependence on fossil fuel imports by ₹1 lakh crore.
The Mission also aims to avert nearly 50 MMT per annum of CO2 emissions through the production and use of green hydrogen.
This information was provided by the Union Minister of Renewable Energy & Power Sh. R.K. Singh in the Lok Sabha.