- “To make India the Global Hub for production, usage and export of Green Hydrogen and its derivatives. This will contribute to India’s aim to become Aatmanirbhar through clean energy and serve as an inspiration for the global Clean Energy Transition. The Mission will lead to significant decarbonisation of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen.”
- In the initial stage, two distinct financial incentive mechanisms proposed with an outlay of ₹ 17,490 crore up to 2029-30:
- Incentive for manufacturing of electrolysers
- Incentive for production of green hydrogen.
- A public-private partnership framework for R&D (Strategic Hydrogen Innovation Partnership – SHIP) will be facilitated under the Mission. The framework will entail creation of a dedicated R&D fund, with contributions from Industry and respective Government institutions. These institutions will pool resources to build a comprehensive goal-oriented Research and Innovation programme in collaboration with the private sector.
- An Empowered Group (EG) chaired by the Cabinet Secretary and comprising Secretaries of Government of India and experts from the industry will guide the Mission; an Advisory Group chaired by the PSA and comprising experts will advise the EG on scientific and technology matters; and a Mission Secretariat headquartered in MNRE will undertake the programme implementation.
Note
The ‘Mirai’ car, manufactured by Japan’s Toyota, is India’s first green hydrogen-powered car.
IndianOil unveils India’s first green hydrogen-run bus that emits just water
