Aim To Make India Global Hub For Green Hydrogen, Says PM Modi

Sectors that will benefit due to its adoption include refineries, fertilisers, steel, and heavy duty transportation, he said.

Prime Minister Narendra Modi (Source: PIB)

The Indian government aims to make India a "global hub for green hydrogen", Prime Minister Narendra Modi said on Wednesday, while virtually addressing the International Conference on Green Hydrogen.

Green hydrogen, a top clean energy source, "will help decarbonise industries that are difficult to electrify", Modi said.

Sectors that will benefit due to its adoption include refineries, fertilisers, steel, and heavy duty transportation, he added.

Green hydrogen will also act as energy storage for surplus renewable energy, the prime minister pointed out.

The three-day conference on green hydrogen, being held in New Delhi from Sept. 11-13, will discuss the supply-demand dynamic, policy and regulatory framework related to its use in India.

Also Read: Higher Demand, Lower Costs To Accelerate Green Hydrogen Adoption In India

According to Modi, international partnership is critical for growth of green hydrogen. "There is a need to invest in research for technology in green energy sector."

India has a great potential for "development of a green job ecosystem", the prime minister said.

He also emphasised the importance of green jobs in his Independence Day speech last month, stating that such jobs will generate employment opportunities while contributing to environmental protection.

Also Read: By Creating Green Jobs, Indian Towns Can Save The Environment And Their Economies

The prime minister also highlighted steps taken by India towards combating climate change. The country was the first among G20 countries to fulfil the commitments on green energy made under the Paris Accord, he said. "The commitments were met nine years before the 2030 target."

Over the last 10 years, India's non-fossil fuel capacity has grown 300% and the solar capacity has grown over 3,000%, Modi added.

Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES