Indian gov’s green hydrogen production requires huge investment

India’s plan to develop a massive 15,000 MW electrolyser manufacturing capacity for green hydrogen production is set to require a significant investment of ₹30,000 to ₹45,000 crore. This financial commitment underscores the government’s dedication to advancing its national green hydrogen mission, with the goal of positioning India as a leader in this emerging sector. To further support this ambitious expansion, the government has earmarked ₹12,500 crore in incentives over the next five years.

Central to this effort is the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, which has already made considerable strides. In a transparent and competitive selection process, approximately fifteen companies have been chosen to spearhead the development of this 15,000 MW electrolyser capacity. This selection marks a significant milestone in India’s journey towards a greener and more sustainable energy future.

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The early successes of the initiative indicate a growing momentum in India’s green hydrogen sector. Encouraged by the substantial potential, many companies are now planning to expand their operations beyond initial projections, reflecting a broader trend of accelerated growth and investment in the field.