India Hydrogen Alliance (IH2A) has made various submissions to the central government seeking budgetary support for the development of a hydrogen economy in India
In the Union Budget for 2022-23, IH2A has made submissions to the government for budgetary support for creation of 10 National BharatH2 Clusters, a USD1 billion Hydrogen Economy Development Fund (HEDF) and a public-private hydrogen taskforce. IH2A estimates that India will need investments of around USD25 billion, from public and private sectors, to create a domestic hydrogen supply chain with national installed electrolyser capacity of 25 GW producing 5 million tonnes per annum of green hydrogen by 2030.