India News: The last date to submit bids for green hydrogen and electrolyser manufacturing projects under the government's SIGHT Scheme ends on December 12, Parli
The mission aims to develop India as a global hub for production, usage and exports of green hydrogen and its derivatives. It is expected to promote multilateral engagement and collaboration with various international efforts in hydrogen and fuel cells.
Union Minister R K Singh stated that with the 5 million metric tonnes (MMT) installed capacity under the National Green Hydrogen Mission, India could reduce fossil fuel imports worth Rs 1 lakh crore by 2030. The National Green Hydrogen Mission, approved by the Union Cabinet in January 2023 with an outlay of Rs 19,744 crore, aims to position India as a global hub for green hydrogen manufacturing.
The country s installed power generation capacity from non-fossil source is 186.46 gigawatt (GW), which is 43.82 per cent of its total installed capacity, the minister for new and renewable energy said.