Government aims to produce 5 MT of renewable hydrogen by 2030

02 Feb 2023 CW Team

By 2030, the government hopes to produce 5 MT of green hydrogen, according to the Nirmala Sitharaman, Finance Minister's statement on the budget on Wednesday.

She added that the budget allocates Rs 350 billion for high-priority capital investments related to net zero and energy transition goals.

The government will fund the installation of 4,000 MwH of battery energy storage, and a green credit programme would also be announced in accordance with the Environmental Protection Act.

The National Green Hydrogen Mission was approved by the government on January 4, 2023, with an initial investment of Rs 197.44 billion. The mission's goals are to make India an energy-independent nation and to decarbonise key industries. By 2030, the mission will support the development of green hydrogen demand, its production, use, and export, as well as the mobilisation of more than Rs 8 lakh crore in capital.

India may position this decarbonisation potential not just within the context of a low-carbon economy but also as a facilitator of energy security and economic development for the country.

Also read:
Acme partners with Norfound to invest in renewable energy projects
NTPC invites bids for BoS for 1 GW Solar Projects

Infrastructure Energy

15 Sep 2025

India Hosts Coal Gasification Roadshow to Promote Cleaner Energy

The Ministry of Coal hosted a high-level Roadshow on Coal Gasification – Surface and Underground Technologies in Mumbai, bringing together policy makers, industry leaders, investors, technology providers and other stakeholders to accelerate India’s shift towards cleaner and more efficient use of coal. The programme demonstrated how coal gasification can transform India’s vast coal reserves into sustainable energy sources and chemical feedstock, reduce import dependence and create new avenues for economic growth.Delivering the keynote address, Additional Secretary and Nominated Authority,..

Mukesh Ambani Buys Tribeca Building in New York for $17.4M

Mukesh Ambani, India’s richest man, has reportedly purchased a building in New York City’s Tribeca neighbourhood for $17.4 million, two years after selling his two-bedroom condo in downtown Manhattan for $9 million.The property, located at 11 Hubert Street, had been vacant for a decade, despite previous owners’ ambitious plans to convert it into a single-family mansion.RIL USA, the US arm of Reliance Industries Limited, acquired the building for slightly less than the $20 million tech billionaire Robert Pera, chairman and CEO of Ubiquiti, paid in 2018. After acquiring it, Pera engaged ar..

IAS Officer M Angamuthu Appointed Chairman of Mumbai Port Authority

M Angamuthu, a 2002-batch Indian Administrative Service (IAS) officer of the Assam-Meghalaya cadre, was appointed chairman of the Mumbai Port Authority (MbPA) on Saturday. He will assume charge later this week, succeeding Sushilkumar Singh, chairman of Deendayal Port Authority, who had held additional charge of MbPA since October 2024 following the retirement of former chairperson Rajiv Jalota.Angamuthu, previously chairman of the Visakhapatnam Port Authority, brings extensive administrative experience to the role. He is a former commissioner and secretary to the Government of Assam and has al..