2 days ago
India sets eyes on 10% of global green hydrogen demand
Synopsis
India is strategically aiming for a 10% share of the global green hydrogen market by 2030, targeting exports. The nation has already awarded substantial green hydrogen production and electrolyser manufacturing capacities to multiple companies. Recent global tenders indicate green hydrogen is becoming economically competitive, fostering international collaborations, particularly with the EU, to advance the sector.
ANI New Delhi: India aims to capture nearly 10% of global green hydrogen demand that is expected to exceed 100 million metric tonnes by 2030, minister of state for power and new and renewable energy Shripad Naik said on Tuesday. Substantial progress has been made towards green hydrogen production targets with 862,000 tonnes per year of production capacity already awarded to 19 companies under the National Green Hydrogen Mission, Naik said at the FICCI Green Hydrogen Summit government has also awarded 3,000 MW of electrolyser manufacturing capacity to 15 companies."We want to make India not only a major producer but also a global hub for green hydrogen export,' Naik said, outlining the country's strategy to position itself as a reliable green and clean hydrogen market is making headway led by lowering prices, industry executives said.'In one of the global tenders, green has come out cheaper than blue," Vipul Tuli, chair of FICCI's Renewable Energy CEOs Committee and Sembcorp India, said. "Please understand the implications of that - it's a very significant development." The EU demonstrated strong support for bilateral cooperation in the sector. Dr Ewa Suwara, Charge d'affaires of the EU delegation to India, announced plans for enhanced collaboration following the second India-EU Green Hydrogen Forum held in Rotterdam in May 2025.
