India is set to become a key player in green hydrogen sector: Hardeep Puri

New Delhi: Minister of Petroleum and Natural Gas, Hardeep Singh Puri on Wednesday said with abundant natural resources and a robust infrastructure, India is set to become a key player in the green hydrogen sector.

Speaking at the Inaugural session of International Conference on Green Hydrogen here, Hardeep Singh Puri said,”India is uniquely positioned to meet the global hydrogen demand, which is expected to reach 200 million tonnes by 2030″.

Outlining India’s strategic vision and potential in green hydrogen production Minister said 54 per cent of the country’s annual hydrogen consumption is used in the petroleum refining sector.

“Public Sector Undertakings (PSUs) under MoPNG have set a target to produce over 1 million metric tons (MMT) of green hydrogen by 2030 and are in the process of floating tenders for its procurement” he added.

Puri said that since the last conference, India has secured an electrolyser manufacturing capacity of approximately 3,000 MW, achieved 412,000 tonnes per annum (TPA) in green hydrogen production, and issued tenders for 450,000 TPA of green hydrogen and 739,000 TPA of green ammonia.

The Minister detailed India’s ambitious Green Hydrogen Policy and National Green Hydrogen Mission, saying Green Hydrogen Policy aims for a production target of 5 million tonnes by 2030, supported by incentives such as a 25-year waiver of inter-state transmission charges for projects commissioned before June 2025.

” The National Green Hydrogen Mission, with an initial investment of Rs. 19,744 crores, is expected to significantly reduce fossil fuel imports by Rs. 1 lakh crores by 2030″ he added.

The Minister added that this initiative will likely generate over 6 lakh jobs and attract investments totalling more than Rs. 8 lakh crores.

Puri also highlighted India’s competitive advantage due to its low-cost solar energy and significant investments in the power grid.

“The country’s installed solar capacity has surged from 2.6 GW in 2014 to 85.5 GW today, supported by one of the largest synchronous grids in the world capable of managing intermittent renewable energy” he added.