India aims to reduce its dependence on fossil fuel imports
India approves $2.3bn green hydrogen plan
Government targets 5mn t/yr of production capacity by 2030
The Indian government has approved an INR197bn ($2.3bn) budget for its National Green Hydrogen Mission, with INR174.9bn allocated to incentives for domestic electrolyser manufacturing and hydrogen production. India is targeting installation of 5mn t/yr of green hydrogen capacity, with 125GW of additional renewables, by 2030. The government expects this to enable the abatement of nearly 50mn t/yr of CO₂ emissions from the country’s industrial, mobility and energy sectors by that year, as well as the cumulative reduction of INR1tn of fossil fuel imports. The country imported 85.6pc of its crude oil in the previous financial year amid declining production and rising demand but has set a target
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
