Minister of State for Power and New and Renewable Energy Shripad Naik at the FICCI event
India, world’s third largest solar and wind power producer, aims to capture 10 per cent of the global green hydrogen market, which is expected to hit 100 million tonnes (mt) by the end of the current decade.
Speaking at a FICCI event on Tuesday, Minister of State for Power and New and Renewable Energy Shripad Naik said that the country is gearing up to meet the rising demand for the environment-friendly commodity.
The Minister said that the government has awarded 3,000 megawatts (MW) of electrolyser manufacturing capacity to 15 companies, marking a significant industrial development in the sector.
“We want to make India not only a major producer but also a global hub for green hydrogen export,” Naik said, outlining the country’s strategy to position itself as a reliable exporter in the rapidly expanding global market.
Fifteen states have already notified their green hydrogen policies, with several others actively developing frameworks. These states are facilitating land allocation, ensuring water availability, promoting renewable power banking, and incentivising innovation through hydrogen hub development.
The Minister highlighted India’s renewable energy achievements as the foundation for green hydrogen ambitions. As of June 2025, cumulative installed renewable energy capacity reached approximately 237 gigawatts (GW), including 119 GW of solar, 52 GW of wind, and 49 GW from large hydro.
Combined with 8.78 GW of nuclear power, non-fossil fuel sources now represent more than 50 per cent of the total installed power generation capacity in the country.
“This is a matter of immense pride that we have achieved this key NDC target five years ahead of schedule,” Naik said.
India has set a target of 500 GW of non-fossil fuel-based capacity by 2030, requiring annual capacity additions of approximately 50 GW.
Price parity
Vipul Tuli, Chairman of Sembcorp India, said that green hydrogen has achieved price competitiveness against blue hydrogen in recent global tenders — a significant milestone for the industry.
“In one of the global tenders, green (hydrogen) has actually come out cheaper than blue. Please understand the implications of that — it’s a very significant development,” he added.
Tuli cautioned that the industry must focus on building sustainable, long-term commitments rather than simply chasing low prices.
Ewa Suwara, Chargé d’affaires of the EU Delegation to India, announced plans for enhanced collaboration following the second India-EU Green Hydrogen Forum held in Rotterdam in May 2025.
“Both the EU and India are well aware of the potential of green hydrogen in tackling today’s and tomorrow’s energy dilemmas,” she added.
Suwara informed that both sides have agreed to establish a hydrogen task force as a high-level platform for discussing strategies and practical implementation.
Published on August 19, 2025
