India plans $2 billion incentive for green hydrogen industry: Report
NEW DELHI: India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field.
The $2.2 billion incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official and an industry manager working in renewable energy. It would do this in part by increasing the scale of the industry, they said.
The current cost in India is 300 rupees to 400 rupees per kg, said the manager.
