India plans US$2 billion incentive for green hydrogen industry: Sources

NEW DELHI: India is planning a US$2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field.

The Indian aid could be announced in the Feb 1 budget for the fiscal year beginning Apr 1, said the government official. All sources declined to be named discussing a budget proposal.Indian companies such as Reliance Industries, Indian Oil, NTPC, Adani Enterprises, JSW Energy and Acme Solar have big plans on green hydrogen.

The government is estimating global demand for green hydrogen will exceed 100 million tonnes by 2030, from just under 75 million tonnes now, according to other industry sources.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive-India plans $2 billion incentive for green hydrogen industry - sourcesNEW DELHI : India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field.The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth Im sure all their people living in slums will be delighted
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »