Hydrogen sector set to get Rs 17k-cr boost
The government has planned over Rs17,000 crore in incentives to promote the manufacturing of electrolyzers and green hydrogen in the country, MNRE Secretary Bhupinder Singh Bhalla said on Wednesday.
image for illustrative purpose
New Delhi: The government has planned over Rs17,000 crore in incentives to promote the manufacturing of electrolyzers and green hydrogen in the country, MNRE Secretary Bhupinder Singh Bhalla said on Wednesday.
The draft of the incentive scheme for electrolyzer manufacturing and a part of the incentive scheme for the production of green hydrogen have been finalized and will be rolled out soon. The incentives will be provided under a scheme and the draft of the same has been prepared, Bhalla said.
The move will result in demand creation for the clean energy source, the official said. The government is already working with respective ministries to promote green hydrogen. The Ministry is also working on provision of incentives for electrolyzer manufacturing and for production of green hydrogen, Bhalla said.
The MNRE Secretary said that “the draft of the incentive scheme for electrolyzer manufacturing and part of the incentive scheme for the production of green hydrogen have been finalized and will be rolled out soon.
