The Ministry of New and Renewable Energy (MNRE) has allocated Rs 44.4 billion to encourage the production of electrolysers, aiming to lower expenses for hydrogen generation under the National Green Hydrogen Mission (NGHM).
The NGHM has earmarked Rs 197.44 billion until 2029-30. It aims to foster the establishment of a green hydrogen production capacity of 5 million tonnes annually. The incentives aimed at boosting domestic manufacturing, as part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, component I (incentive scheme for electrolyser manufacturing tranche II), will be effective from the fiscal year 2025-26 to 2029-30.