Finance Minister Nirmala Sitharaman has announced a significant allocation of INR 1,970B to the National Hydrogen Mission. The objective of the mission is to increase hydrogen production capacity in India to 5 metric million tonnes by the year 2030.
This allocation of funds will support the development and deployment of new hydrogen production technologies, as well as the expansion of existing production facilities. The focus of the National Hydrogen Mission is to promote the use of hydrogen as a clean energy source and to support the growth of the hydrogen economy in India.
This investment in hydrogen infrastructure and technology is expected to have a positive impact on the environment and support the transition to a more sustainable energy mix. By investing in the National Hydrogen Mission, the government is demonstrating its commitment to clean energy and sustainable development, and its belief in the potential of hydrogen to play an important role in India’s energy future.