Tax breaks, grants, corridors: NITI in ‘Harnessing Green Hydrogen’ report

In a bid to boost green hydrogen production in the country, government think tank NITI Aayog has recommended tax breaks like reduction or exemption of GST and custom duties on green hydrogen production. It has also proposed setting up green hydrogen corridors and offering grants to startups working on green hydrogen solutions domestically.

The Aayog, in its report titled ‘Harnessing Green Hydrogen — Opportunities for Deep Decarbonisation in India’, said the government should focus on enabling a cost reduction pathway for green hydrogen production in India. “The current Green Hydrogen policy lays out adequate measures focusing on inter-state transmission (ISTS) charges waiver and open access for green hydrogen and green ammonia production.