With a bold $2.4 billion push, India’s National Green Hydrogen Mission promises to catapult the country into the global clean energy race. But as the US, EU, China, and Gulf nations surge ahead with far larger bets, experts warn that India's modest funding and structural hurdles could leave its ambitions trailing behind.


According to industry experts, globally, it seems that the US, EU, Gulf nations and China are more aggressive when compared with India.

The NGHM current outlay is likely to be short by nearly 75 per cent by 2030 if India wishes to compete globally and shall struggle to match China and Gulf in terms of exports, said one of the experts. Although China has a funding allocation of $6.7 billion, but their hydrogen production cost is far more competitive when compared with India.

The expert added that if we compare India’s funding with respect to the other countries or regions it is about 5X lower than the US and 20X lower than Gulf nations combined.

Another expert noted that in India only some of the domestic green hydrogen projects were at an advanced stage and have momentum behind them. That is why it is expected that green hydrogen production would reach just 500,000 tonnes annually by 2030 – a tenth of the target we have in place.

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Thanks!

Aarushi Koundal,
Senior Correspondent,
ETEnergyWorld

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