With Cabinet approval, the government will invest Rs 19,744 billion in the National Green Hydrogen Mission.
It has been decided to launch the National Green Hydrogen Mission as soon as possible. India aims to become a “green hydrogen center” as part of this objective, according to the administration. Thus, the government has set a target of creating 50 lakh metric tonnes of green hydrogen by 2030, according to Union Minister Anurag Thakur, who was speaking about the choices made in the cabinet meeting on the issue. Therefore, the National Green Hydrogen Mission has been approved for a budget of Rs 19,744 crore.
The most eco-friendly form of energy is green hydrogen. Thus, there is no pollution from the energy in green hydrogen. Thus, to produce green hydrogen energy, oxygen and hydrogen are separated from the water. Renewable energy is used in the electrolyzer (solar, air). Therefore, Green hydrogen has several applications in the chemical, iron, and transportation industries.
Companies will receive incentives to promote this program. It would cost Rs 17,490 crore for bonuses. On August 15, 2021, Prime Minister Narendra Modi unveiled the National Hydrogen Project.
According to Anurag Thakur, green hydrogen centers would be created for the welfare of the country. Thus, this will bring green hydrogen producers and consumers together. Such that the cost of transportation is kept low and all the vital infrastructure is available in one location. Thus, reaching the objective of making the nation energy independent by 2047 is a crucial step.
since green hydrogen and green ammonia are anticipated to be the primary fuels of the future. India intends to become self-sufficient in these fuels.
India aspires to achieve self-sufficiency in energies like green hydrogen and green ammonia under this plan. India does not wish to rely on other nations for these fuels, similar to how it does with petroleum.