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India Aims Ten Percent Global Green Hydrogen Market Share By 2030

India is rapidly positioning itself as a global hub for green hydrogen, with ambitions to capture nearly 10 per cent of the worldwide market by 2030. Officials from the Ministry of New and Renewable Energy outlined that the nation has already allocated an annual production capacity of 862,000 tonnes to 19 companies, signalling a significant step in establishing India as a reliable global supplier.

Currently, five states have formalised green hydrogen policies, while several others are finalising frameworks addressing land allocation, water access, renewable power banking, and the development of hydrogen hubs. Experts emphasised that adherence to over 100 safety and quality standards will ensure India’s production meets international benchmarks, strengthening confidence among global buyers. The National Green Hydrogen Mission, launched in 2023 with an initial allocation of Rs 197.44 billion, serves as the foundation of India’s strategy. Under the SIGHT scheme, Component I has awarded 3,000 MW of electrolyser manufacturing capacity to 15 companies, while Component II has allocated 862,000 tonnes per year of hydrogen production across 19 firms. Pilot projects are already underway in critical sectors including steel, transport, and shipping, while 23 research and development initiatives have been sanctioned, with over 100 further proposals under evaluation for Centres of Excellence. Three testing facilities are also being established to support innovation and ensure quality assurance.

Officials highlighted that scaling up renewable energy capacity is crucial to meeting the Mission’s target of 5 million tonnes of green hydrogen by 2030. To this end, India plans to add 125 GW of dedicated renewable energy infrastructure for hydrogen production. Financing mechanisms such as green bonds, viability gap funding, and multilateral bank support are expected to facilitate investment and accelerate growth. International partnerships are also being prioritised. A forthcoming India–EU Hydrogen Task Force is expected to coordinate strategies and foster commercially viable collaborations, underscoring the importance of global integration in achieving cost-competitive production. Experts stated that India’s success will hinge on businesses engaging directly in joint ventures and establishing sustainable supply chains for both domestic and export markets.

As global demand for green hydrogen is projected to surpass 100 million tonnes by 2030, India’s proactive approach to policy, infrastructure, and international cooperation positions it to be a key contributor to a low-carbon global energy transition. Officials reaffirmed that strategic investments and regulatory frameworks will ensure India not only meets domestic energy needs but also becomes a dependable exporter in the burgeoning green hydrogen economy.

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India Aims Ten Percent Global Green Hydrogen Market Share By 2030
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