Sunday, May 26, 2024

Centre green signal for National Hydrogen Mission of ₹19,744 Crore

Date:

New Delhi: The Union Cabinet on Wednesday approved the ₹19,744-crore National Green Hydrogen Mission with an objective to become a major exporter in the field and make India a global hub for the production, utilisation, and export of Green Hydrogen and its derivatives.

The total outlay for the mission is ₹19,744 crore, out of which the government has allocated ₹17,490 crore for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, ₹1,466 crore for the upcoming pilot projects, ₹400 crore for R&D, and ₹388 crore towards other mission components.

The development will help India, one of the world’s biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070.

Briefing reporters about the Cabinet outcome, Union Minister Anurag Thakur said, “The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved National Green Hydrogen Mission.” The initial outlay for the mission is kept at ₹19,744 crore. Out of this, the government has allocated ₹17,490 crore for the SIGHT programme, ₹1,466 for the upcoming pilot projects, ₹400 crore for R&D, and ₹388 crore towards other mission components.

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