Page 45 - Policy Economic Report - September 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

establish India as a key exporter in the emerging global hydrogen economy. “At a time when countries are
designing cross-border carbon regulations, India’s leadership in green hydrogen will ensure that our
industries remain competitive and future-ready,” he added.

India Ready to Transform Challenges into Opportunities

Acknowledging the challenges in the journey from research to commercialization, Shri Naik said it requires
patience, perseverance, and precision. “But with the ecosystem we are building, state-of-the-art R&D
infrastructure, a supportive policy framework, international partnerships, and the extraordinary talent of
our scientists and entrepreneurs, I am confident that India will not only meet these challenges, but
transform them into opportunities,” he said.

Union Minister of State Shri Shripad Naik also visited the startup exhibition organised as part of the
conference.

Mission Director, National Green Hydrogen Mission (NGHM), Shri Abhay Bhakre highlighted that green
hydrogen is the fuel for the future and under the NGHM, concerted efforts are being made to position
India as a global leader and export hub for green hydrogen. He informed that the Mission is receiving
strong support from various state agencies, and over 140 standards have already been published to
facilitate the growth of the sector.

Shri Sujit Pillai, Scientist ‘F’, MNRE, informed that the conference witnessed an overwhelming response
from the scientific and industry community, with 1,347 registrations. Over the two days, 17 technical
sessions including 5 panel discussions, and 8 roundtable meetings were organised, alongside a dedicated
startup expo showcasing cutting-edge innovations in green hydrogen technologies.

Director General of the National Institute of Solar Energy (NISE), Dr. Mohammad Rihan, underlined that
green hydrogen will play an important role in managing the grid more efficiently as renewable energy
capacity expands. He said NISE, as the implementing agency for the startup support programme under
the Mission, will work to forge strong partnerships and drive innovation to help India move forward and
become a global green hydrogen hub.

Shri Akash Tripathi, Managing Director of SECI, said that India has a real opportunity to move forward
rapidly in emerging technologies such as electrolysers and the broader hydrogen sector. He emphasised
that in addition to providing startup funding, there is also a strong need to build robust mentoring support
systems to guide innovators and entrepreneurs in this domain.

GST on Renewable Energy Devices Rationalised to 5% to Accelerate India’s Clean Energy Transition

In line with the vision of Hon’ble Prime Minister Shri Narendra Modi to make GST a truly “Good and Simple
Tax” that strengthens every sector of the economy, the renewable energy sector has received a major
impetus under the latest GST reforms approved by the GST Council in its 56th meeting held on 3rd
September 2025.

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