INDIA’S GREEN HYDROGEN HUB

Gujarat has signed MoUs with several big corporates, including Reliance, Adani, which have pledged huge investments in green energy projects.
According to the state government, Gujarat aims to become hub for green hydrogen by creating a production capacity of 8 metric tonnes per annum (MTPA) by 2035.
The State is framing a new policy for green hydrogen manufacturing, which will be given the status of a ‘priority sector’.
The State Cabinet approved the allotment of 1.99 lakh hectares of land in the Kutch-Banas kantha border areas for establishing Green Hydrogen projects.
Besides the government will provide a range of incentives to the industries investing in the State’s green hydrogen projects.
According to the land allotment policy, the companies must meet 50% of their green hydrogen production capacity within five years of commissioning their plants and 100% within eight years.
As a State with a favorable policy regime and solid infrastructure base, Gujarat will be a hub for green energy and its ecosystem,
The State is expecting around ₹10 lakh crore worth of investments in this new sector over the next 15 years.
Therefore, Gujarat has set the ball rolling to become the country’s green hydrogen manufacturing hub and retain its dominance over the industrial sector.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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