Government approves Rs 19,744 crore National Green Hydrogen Mission
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With an aim to make India energy independent, the Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs 19,744 crore, including an outlay of Rs 17,490 crore for the SIGHT (the Strategic Interventions for Green Hydrogen Transition) programme, Rs 1,466 crore for pilot projects, Rs 400 crore for R&D, and Rs 388 crore towards other Mission components.
The Mission will have wide ranging benefits- creation of export opportunities for Green Hydrogen and its derivatives; decarbonisation of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development of cutting-edge technologies.
The Mission will facilitate demand creation, production, utilization and export of Green Hydrogen. Under the SIGHT Programme, two distinct financial incentive mechanisms - targeting domestic manufacturing of electrolysers and production of Green Hydrogen - will be provided under the Mission. The Mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large scale production and/or utilization of Hydrogen will be identified and developed as Green Hydrogen Hubs.
