IANS | 05 Jan, 2023
A day after the Union Cabinet cleared the National Green Hydrogen
Mission, Power and Renewable Energy Minister R.K. Singh on Thursday said
that it will make India a leading producer and supplier of green
hydrogen in the world.
In a meeting with stakeholders,
he said that the mission would result in attractive investment and
business opportunities for the industry, and contribute significantly to
India's efforts towards decarbonisation and energy independence.
It will also create employment opportunities and lead to economic development.
The
minister further stated that the mission will drive the development of
the green hydrogen ecosystem in the country through an array of measures
towards demand creation, strengthening the supply side while working on
regulatory framework, technology and innovation to enhance
affordability of green hydrogen.
The mission targets setting up
of at least 5 million metric tonnes per annum of green hydrogen capacity
with an associated renewable energy capacity of about 125 GW by 2030.
The
targeted production capacity will bring over Rs 8 lakh crore in total
investments and result in creation of over 6 lakh clean jobs, official
sources said.
