Page 45 - Policy Economic Report - November 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

India on Track to Command 10% of Global Green Hydrogen Demand by 2030: Shri Shripad Y. Naik

India is on track to command 10 percent of the global green hydrogen demand by 2030, said Union
Minister of State for New and Renewable Energy & Power, Shri Shripad Y. Naik, while addressing the High-
Level Address at 3rd International Conference on Green Hydrogen (ICGH 2025) at Bharat Mandapam, New
Delhi.

The Minister noted that India’s energy transition is among the boldest and fastest in the world, guided by
the visionary leadership of Prime Minister Shri Narendra Modi and his Panchamrit commitments at COP-
26. He said the country is steadily advancing toward its target of 500 GW of non-fossil-fuel capacity by
2030 and net-zero emissions by 2070.

He added that India’s installed non-fossil-fuel-based power generation capacity has reached nearly 260
GW, led by solar and wind energy. “This strong renewable base has now empowered India to take the
next decisive step - the Green Hydrogen Revolution- converting renewable strength into clean molecules
that can decarbonise industries, fuel transport, and enable global trade,” he said.

India Emerging as a Global Hub for Hydrogen Trade and Technology

Shri Naik pointed out that India’s green hydrogen market is projected to grow at a compound annual rate
of 20–40 percent over the next decade. With its renewable-energy abundance, strategic geography and
enabling policy environment, India is poised to become both a leading producer and exporter of green
hydrogen and its derivatives such as green ammonia and methanol.

He emphasised that India is not merely participating but leading the global hydrogen transition through
robust policy frameworks, standardisation initiatives and international collaboration. The Minister urged
industry and investors to accelerate project execution, scale up electrolyser manufacturing, and
strengthen innovation pipelines. He also encouraged State Governments to develop hydrogen hubs and
industrial clusters to anchor local economies.

Calling the Green Hydrogen transition an economic, environmental, and societal transformation, Shri Naik
said it would fuel sustainable prosperity and strengthen India’s position as a key pillar of the global
hydrogen value chain.

National Green Hydrogen Mission Advancing from Vision to Action

Highlighting the rapid progress of the National Green Hydrogen Mission (NGHM) launched in January
2023, Shri Naik said the Mission has transitioned from planning to implementation, with incentive
schemes worth ?17,000 crore supporting green hydrogen production and electrolyser manufacturing.

Projects have been awarded for 3,000 MW per annum of domestic electrolyser manufacturing and 8.62
lakh metric tonnes per annum of green hydrogen production. The Solar Energy Corporation of India (SECI)
has discovered globally competitive prices, among the lowest in the world, for the supply of 7.24 lakh
MTPA of green ammonia to fertiliser units. Further, projects have been sanctioned for the supply of 20,000
MTPA of green hydrogen to IOCL, BPCL and HPCL refineries.

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