Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

India Targeting 10 % Share in Global Green Hydrogen Market by 2030: MoS for MNRE

India is preparing to secure one-tenth of the global green hydrogen demand by 2030, according to Union Minister of State for New and Renewable Energy and Power Shripad Y. Naik. Speaking at the 3rd International Conference on Green Hydrogen (ICGH 2025) held at Bharat Mandapam, New Delhi, the Minister highlighted the country’s accelerating clean-energy momentum and its growing leadership in the hydrogen economy.

Naik emphasized that India’s energy transition remains one of the most ambitious and swift worldwide, with the nation steadily progressing toward its twin goals of 500 GW of non-fossil energy capacity by 2030 and net-zero emissions by 2070. He noted that India’s renewable power capacity—dominated by solar and wind—has already reached around 260 GW, creating a strong foundation for the nation’s next major leap: the Green Hydrogen Revolution.

He added that converting this renewable strength into clean molecules will help decarbonize multiple sectors, support green mobility, and open up new trade opportunities.

Projecting the sector’s rapid growth, Naik said India’s green hydrogen market is expected to expand at 20–40% annually throughout the next decade. With its natural resource advantage, strategic location, and proactive policy environment, India is positioned to emerge as both a top producer and leading exporter of green hydrogen and derivatives like green ammonia and green methanol.

He also stressed that India is not just taking part in the global hydrogen shift but is shaping it, supported by strong policy measures, standard-setting initiatives, and international partnerships. He urged industries to speed up project development, boost electrolyser manufacturing, and foster innovation. State governments, he said, should work toward establishing hydrogen hubs and industrial clusters that can drive local economic activity.

Reflecting on the progress of the National Green Hydrogen Mission (NGHM) launched in January 2023, Naik said the mission has moved from planning to execution. The government has rolled out incentives worth Rs17,000 crore to support green hydrogen production and electrolyser capacity.

At the event, Akash Tripathi, Managing Director of Solar Energy Corporation of India (SECI), underlined that India’s pursuit of clean energy and industrial competitiveness aligns closely with the mission’s objectives. He highlighted that SECI has already enabled some of the world’s lowest prices for green ammonia supply, helping improve project bankability and attract long-term investment.

Tripathi noted that discussions at ICGH 2025 centre on connecting hydrogen production with industrial clusters, building financing models, and creating blended-finance frameworks for large-scale use.

Abhay Bakre, Mission Director of NGHM, remarked that in less than three years, India has built one of the world’s fastest-growing hydrogen ecosystems. Deliberations at the conference aim to refine priorities for the coming years.

Vineet Mittal, Chairman of Avaada Group, said India’s green hydrogen landscape is quickly evolving from ambition to implementation, supported by transparent policies, robust project planning, and innovation-driven market mechanisms. He added that India continues to set a global example in renewable energy adoption, using its abundant solar resources and technical capabilities to strengthen its position as a clean-energy leader.