Industry players have called the National Green Hydrogen Mission approved by the Cabinet on Wednesday as the first step towards making a comprehensive ecosystem for the new-age fuel in India. But they remained wary of costs which could still be high in comparison to some other countries that are equally upbeat on the sunrise sector.
This is even as Reliance Industries and and the Adani group have already committed to selling green hydrogen at a competitive $1/kg by 2030.
Varun Karad, Chief Business Officer at GPS Renewables said, though the the first 2-3 years will see slow progress for India’s green hydrogen mission, once it picks up pace, it will be transformational. “Hydrogen, so far has been a neglected molecule, even though it was most used one in refineries and the fertiliser industry,” he noted.
