Page 43 - Policy Economic Report - September 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

its first-ever green ammonia auction, discovering a historic low price of ?49.75 per kg, compared to
?100.28 per kg in 2024, with supplies set to begin at Paradeep Phosphates in Odisha.

The Minister further highlighted the enablers already in place, including the Green Hydrogen Standard
and Certification Scheme aligned with over 140 international standards, sanctioning of five new testing
facilities, certification of more than 5,600 trainees in hydrogen-related qualifications, and regulatory
waivers such as transmission charge exemptions and streamlined clearances. Dedicated hydrogen hubs
are being developed at Kandla, Paradip and Tuticorin Ports to strengthen India’s export competitiveness.
He added that both large enterprises like NTPC, Reliance and IOCL and start-ups and MSMEs are investing
heavily in hydrogen, building a robust value chain and creating lakhs of new jobs.

Reiterating India’s commitment, Shri Joshi said that NGHM aims for five million metric tonnes of green
hydrogen production annually by 2030, 125 GW of new renewable capacity, investments of ?8 lakh crore,
six lakh new jobs, and 50 million tonnes of CO2 reduction each year.

Union Minister Pralhad Joshi also inaugurated the start-up exhibition held as part of the conference.

Addressing the inaugural session, Principal Scientific Adviser to the Government of India, Prof. Ajay Kumar
Sood said that R&D empowers the nation to solve complex challenges and drive economic growth. “R&D
is not optional, but essential,” Prof. Sood said, stressing the importance of sustained innovation for
building a robust green hydrogen ecosystem.

MNRE Secretary Shri Santosh Kumar Sarangi highlighted that the Green Hydrogen R&D programme has a
budgetary outlay of ?400 crore and that MNRE is ready to collaborate and support all stakeholders in
driving forward the National Green Hydrogen Mission.

Mission Director of the National Green Hydrogen Mission, Dr. Abhay Bhakre, said that India today stands
at the threshold of becoming a global leader in green hydrogen.

India Poised to Emerge as Global Hub for Green Hydrogen Innovation: Union Minister of State Shri
Shripad Yesso Naik

India’s quest to achieve Net Zero by 2070 gained fresh momentum as Union Minister of State for New &
Renewable Energy, Shri Shripad Yesso Naik, called upon scientists, industry leaders, startups and young
researchers to make India a global hub of green hydrogen innovation. Addressing the valedictory session
of the first Green Hydrogen R&D Conference organised by the Ministry of New & Renewable Energy
(MNRE) under the National Green Hydrogen Mission, Shri Naik said the two-day event had brought
together the finest minds to chart the country’s path towards a clean, secure and self-reliant energy
future.

Green Hydrogen at the Heart of India’s Net Zero Journey

Shri Naik said that India has embarked on an ambitious journey to achieve Net Zero by 2070 and to
position itself as a global leader in clean energy. “At the heart of this journey lies green hydrogen, a fuel
that promises to decarbonise our hardest-to-abate sectors, open new trade frontiers, and create a cleaner

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