Green hydrogen to power ₹10 lakh crore investment wave by 2030: Report
National Green Hydrogen Mission
(NGHM) targets, according to a report by
Avener Capital
.
The report said India is targeting 5 million tonnes per annum (MTPA) of green hydrogen production and 20 GW of electrolyser manufacturing capacity by the end of this decade. The centrepiece of this push is the SIGHT (Strategic Interventions for Green Hydrogen Transition) Programme, with an outlay of ₹17,000 crore till FY2030.
Solar Energy Corporation of India (SECI) has already awarded over 8.58 lakh MTPA of green hydrogen production and 2.3 GW of electrolyser manufacturing capacity under this scheme.
The government aims to cut fossil fuel imports by ₹1 lakh crore and avoid 50 million metric tonnes of greenhouse gas emissions through green hydrogen adoption. The total outlay for the National Green Hydrogen Mission, launched in January 2023, is ₹19,744 crore, including incentives for both hydrogen producers and electrolyser manufacturers.
High stakes, high demand
Green hydrogen is set to become the backbone of decarbonisation in sectors like fertilisers, refining, and steel, with demand from the refining and steel sectors alone projected to reach 4.5 MTPA by 2030. The report said green hydrogen is likely to replace nearly 80 per cent of fossil fuel usage in these sectors.
The current cost of green hydrogen in India ranges from $3.8/kg to $5.8/kg. The report estimates this will fall to $0.8/kg to $3.3/kg by 2030, driven by cheaper renewable energy, improved capital efficiency, and indirect tax waivers.
To support this transition, the government has rolled out production-linked incentives (PLI) worth ₹5,258 crore for green hydrogen and ₹4,440 crore for electrolysers. These are structured as per-kg awards disbursed over three years under SIGHT Component II, based on performance and localisation benchmarks.
India's green electrolyser play
India's current electrolyser capacity is under 1 GW, but with SIGHT Component I's recent awards and planned expansion to 20 GW by 2030, the domestic ecosystem is expected to see significant growth. In the first tranche of bidding, SECI awarded 2.3 GW of electrolyser capacity.
Meanwhile, port infrastructure is being developed in Kandla, Tuticorin, and Kakinada to enable green hydrogen and ammonia exports. Long-term contracts for 2.5 lakh tonnes of exports have already been signed from Tuticorin and Kakinada.
States enter green hydrogen race
States including Maharashtra, Karnataka, Gujarat, Uttar Pradesh, and Andhra Pradesh have introduced their own green hydrogen policies, offering incentives like stamp duty waivers, land subsidies, and exemption from transmission charges to attract investors and project developers.
Green ammonia, used in fertilisers and shipping, is emerging as a major export product and hydrogen carrier due to its higher energy density and ease of transport, the report added.
Global race intensifies
On the global front, the report said countries such as the US, China, and Germany have announced green hydrogen capacity targets that together exceed 20 MTPA by 2030. India's competitive renewable energy tariffs and large industrial base make it well-positioned to be a major exporter.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 hours ago
- Time of India
School Assembly Headlines for August 1: Top national, international, sports and business updates
As students across the nation come together for their morning assemblies on 1 August 2025, here's a comprehensive overview of the major news stories shaping the day. Covering national events, global affairs, business updates, and recent sports achievements, today's headlines offer a well-rounded snapshot of important developments that both students and educators should stay informed about. School Assembly Headlines for August 1: National news 20th installment of PM-Kisan Samman Nidhi to be released on August 2 Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Management others Design Thinking Public Policy Data Analytics Digital Marketing Project Management PGDM CXO Healthcare Product Management Data Science Technology Data Science Artificial Intelligence Operations Management Degree MCA Finance Cybersecurity Others MBA healthcare Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details The next installment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme will be released on August 2. A high-level meeting was held today under the chairmanship of Union Minister of Agriculture and Farmers' Welfare and Rural Development, Shri Shivraj Singh Chouhan, to review the preparations for the event, which will be led by Prime Minister Shri Narendra Modi in Varanasi, and to ensure that the benefit reaches the maximum number of farmers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like When the Camera Clicked at the Worst Possible Time Read More Undo DRDO successfully conducts user evaluation trials of quasi-ballistic tactical missile 'Pralay' The Defence Research and Development Organisation (DRDO) successfully conducted two back-to-back tests of the quasi-ballistic missile 'Pralay' on Monday and Tuesday from Dr APJ Abdul Kalam Island off the Odisha coast. Notably, three DRDO facilities based in Pune played a significant role in the development of this advanced tactical weapon system. Amit Shah: All 3 terrorists lilled in Operation Mahadev were shot in the head Live Events Speaking in the Rajya Sabha on Wednesday, Home Minister Amit Shah said that the families of the Pahalgam attack victims, along with many others, had demanded that the three terrorists be shot in the head — and that is exactly what happened during Operation Mahadev. School Assembly Headlines for August 1: International news China states trade talks with US in Sweden helped strengthen mutual trust Trade negotiations between Chinese and U.S. officials held in Sweden this week have helped build mutual trust and increased confidence in addressing economic disagreements through dialogue, according to the Communist Party's official newspaper. Trump imposes 25% tariffs on India starting August 1, adds penalty for trade with Russia With only one day remaining before the August 1 deadline set by the Trump administration to finalize trade deals with its partners, former U.S. President Donald Trump on Wednesday announced 25% tariffs on India, along with an additional penalty. School Assembly Headlines for August 1: Sports news Maharashtra honours Divya Deshmukh with state felicitation The Chief Minister presented awards celebrating her World Cup triumph, serving as an inspiration to young athletes throughout the nation. Indian football team to get new head coach on August 1 A new head coach for the Indian football team is set to be announced on August 1, with Khalid Jamil emerging as the leading contender for the role. School Assembly Headlines for August 1: Business news Microsoft set to hit $4 trillion market cap after earnings beat Microsoft Corp. is set to become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring in extended trading Wednesday. Infosys to hire 20,000 freshers as TCS cuts 12,000 jobs in AI shift Amid widespread concerns over layoffs and 'workforce restructuring' in the IT sector, Infosys has taken a different approach. CEO Salil Parekh announced that the company plans to hire 20,000 fresh graduates in 2025. This recruitment push sharply contrasts with the recent actions of competitors like Tata Consultancy Services (TCS), which is slashing about 2% of its global workforce—impacting nearly 12,000 employees—and HCLTech, which has also suggested potential job cuts. School Assembly Headlines for August 1: Thought of the Day "Success is the sum of small efforts, repeated day in and day out." – Robert Collier
Time of India
9 hours ago
- Time of India
Startups, regional brands good for business, says Nestle India CMD Suresh Narayanan
Startups and regional brands are not only good for providing variety to consumers but also give established players the push to improve their product offerings, Nestle India 's outgoing Chairman & Managing Director Suresh Narayanan said. Stressing on the importance of startups and regional brands operating in small catchment areas, Narayanan said Nestle India is working with startups as part of its accelerator program, to identify their potential and see how to partner with them. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Degree Operations Management Public Policy Data Science CXO Digital Marketing Product Management Healthcare Data Science others MBA Project Management Finance Cybersecurity MCA Others Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details "Startups and regional brands are good for the business. They do two things -one, they extend the variety for the consumer, and secondly, they give us additional inspiration for improving, making ourselves faster and smarter," Narayanan told PTI during an interview earlier this week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Victoria Principal Is Almost 75, See Her Now Reportingly Undo According to Narayanan, today every brand has to be relevant to Gen Z and Gen Alpha consumers, who do not give much importance to the historical relevance of brands. "It goes by what is in it for me, so Maggi noodles have to be relevant to the Gen Z consumer and not simply relevant because my father consumes it. So I think both of these are truths that we have realised as a company and are constantly working on to improve and control the price of our brands so that we do not become irrelevant in the context of the consumption story," he said. Live Events Over the last few quarters, big FMCG companies are facing stiff competition in some of the segments, such as food products, personal care etc, from the small regional players, which have become very aggressive with more vigour after softening of inflation. Narayanan, who is hanging up his boots on Thursday, said, "companies which are sustainable and contribute to communicating with the consumers digitally are becoming more favoured. We are accelerating our sustainable journey." According to Narayanan, being a part of a Swiss multinational, sustainability is part of the DNA of the company and an intrinsic part of the corporate journey. "Sustainability, usage of energy, air, Usage of water and usage of packaging have been part of discussion in the boardroom for a long time," he said. Nestle is also working on reducing packaging materials. It has not only reduced 8 to 10 per cent of the packaging materials used but also made it more environmentally friendly. "Sustainability is something that the consumer looks for but the consumer necessarily pays for. It is something that, within the context of how the company chooses to conduct its business and for us, sustainability is an intrinsic part of our corporate journey," he said. Besides sustainability, Narayanan, in his decade-long tenure on the driving seat of Nestle India, also focused on diversity. In his tenure, diversity in the management team doubled to 20 per cent, which across the organisation went up to around 25 per cent, he said. "With great pride, I say that we built a factory in Sanand in Gujarat, which is 45 per cent women, so women in manufacturing," he said. Moreover, almost 30 to 40 differently-abled people are also working in Nestle factories. Moreover, sustainability initiatives have also been incorporated in procurement and sourcing. According to Narayanan, now its entire coffee, milk, and spices are sustainably sourced, and the company has been plastic neutral for the last four years. "So there has been overall progress on sustainability," said Narayanan. Plastic neutrality means balancing the amount of plastic usage. Under this, a company uses an equivalent amount of plastic that is collected and recycled from the environment. Nestle India, which has a revenue of over Rs 20,000 crore, is among the top ten markets of the Swiss food multinational.
Time of India
14 hours ago
- Time of India
India, Russia can take their dead economies down together: Trump attacks New Delhi-Moscow ties amid US tariff move
U.S. President Donald Trump on Thursday launched a sharp attack on India and Russia describing both as "dead economies" and declaring his disinterest in America's trade engagement with either. His remarks came hours after the he announced a new 25% tariff on India and an additional penalty for continuing strategic trade with Russia. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Technology PGDM Data Science healthcare Design Thinking Data Science Data Analytics Operations Management Project Management Product Management Others Management Public Policy MBA Cybersecurity others Degree CXO Digital Marketing Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details Taking to Truth Social, Trump said that Washington has done very little business with New Delhi and claimed the latter's tariffs are among the highest in the world. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo "I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory," he said. Live Events (More to come)
