Of the total allocation, the government would provide incentives worth ₹17,490 crore for producing electrolyzers and green hydrogen for five years, ₹1,466 crore for pilot projects, ₹400 crore for research and development, and ₹388 crore for other mission components, a government statement said, adding that the ministry of new and renewable energy (MNRE) will formulate the guidelines for implementation of the respective components of the scheme.
"The mission will provide a much-needed boost to encourage the green hydrogen industry. This intervention is even more significant because it comes at a time India has the G20 presidency, clearly showcasing India's commitment to lead the global energy transition," said Vineet Mittal, chairman of Avaada Group, a green energy developer.
Mint first reported the government's plans to develop a green hydrogen programme on 1 July 2021. On 24 October 2022, Mint had also reported that the national green hydrogen mission would be allocated around ₹20,000 crore.
The central government expects the mission to attract investments worth ₹8 trillion by 2030 and create about 600,000 jobs.
Esta historia es de la edición January 05, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 05, 2023 de Mint Mumbai.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Hypersonic weapons in the age of A!: Be careful
Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks
How to make Elon Musk's budget-slashing dreams come true
Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
They deliver on the job, but many employees are just going through the motions with one eye on the exits
Viksit Bharat needs big plans and coordinated action
Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women
Indonesia will need to tread a fine line after T rump's return
Jez/farms relations with China mustn,t send out the wrong signals
What if Donald Trump keeps his promises on economic policy?
The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through
The Indian state is still to fully unshackle our economy
Economic success needs the state to function as an enlightened referee and be less statist
Let's tackle the harsh realities of mental health at the workplace
Ensure an inclusive work environment with policies of reasonable accommodation and support
How working abroad gives young Indians a wealth edge back home
Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates
FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY
For some of you, a market downturn may be an ideal time for a complete financial reset
