Of the total allocation, the government would provide incentives worth ₹17,490 crore for producing electrolyzers and green hydrogen for five years, ₹1,466 crore for pilot projects, ₹400 crore for research and development, and ₹388 crore for other mission components, a government statement said, adding that the ministry of new and renewable energy (MNRE) will formulate the guidelines for implementation of the respective components of the scheme.
“The mission will provide a much-needed boost to encourage the green hydrogen industry. This intervention is even more significant because it comes at a time India has the G20 presidency, clearly showcasing India’s commitment to lead the global energy transition,” said Vineet Mittal, chairman of Avaada Group, a green energy developer. Mint first reported…
Cabinet approves ₹19,744 crore green hydrogen mission
