HomeBusiness ›Existing State-Level Policies Could Unlock USD 61 Billion for Green Hydrogen in India: CEEW Report

Existing State-Level Policies Could Unlock USD 61 Billion for Green Hydrogen in India: CEEW Report

A CEEW report reveals that existing state-level policies could unlock USD 61 billion for India’s green hydrogen sector, supporting its production goals and positioning the country as a global leader in green hydrogen.

May 03, 2025. By EI News Network

India’s green hydrogen industry could unlock an additional INR ~5 lakh crore (USD 61 billion) through existing state-level policies, according to a new study by the Council on Energy, Environment, and Water (CEEW).

Supported by the Ministry of New and Renewable Energy (MNRE), the study underscores the significant role state-level financial incentives can play in complementing the National Green Hydrogen Mission (NGHM) to scale green hydrogen production and position India as a global leader in both domestic and export markets.

The study, titled, 'Augmenting the National Green Hydrogen Mission: Assessing the Potential Financial Support through Policies in India', reveals that seven states viz., Odisha, Maharashtra, Tamil Nadu, Uttar Pradesh, Rajasthan, Andhra Pradesh, and Gujarat, account for 92 percent of the total estimated state-level support. Notably, power-related incentives, which make up 63 percent of the total, are crucial for ensuring the competitiveness of green hydrogen production, linking low-cost renewable electricity to hydrogen viability.

Hemant Mallya, Fellow at CEEW, highlighted the importance of leveraging both central and state-level support to meet India’s ambitious green hydrogen target of 5 million tonnes annually by 2030. The report also calls for faster, standardised clearances to facilitate the development of these projects.

The study concludes that the INR 19,744 crore (USD 2.5 billion) allocated under the NGHM is augmented 26 times by the potential support from state policies, estimated at INR 5.04 lakh crore (USD 61 billion). With 62 percent of this support directed toward power-related incentives, fully utilising this backing will be key not only to meeting green hydrogen targets but also to advancing India’s broader decarbonisation and green industrialisation goals.

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