India's Green Hydrogen Boom: A New Era of Energy Investment
New Delhi, Monday, 15 September 2025.
India’s green hydrogen sector is on the rise, attracting major investments and promising to cut fossil fuel imports. This shift supports India’s carbon reduction goals and positions it as a global leader in sustainable energy.
Surge in Investments and Policy Support
India’s green hydrogen sector is experiencing a significant surge in investments, driven by the country’s ambitious National Green Hydrogen Mission. The government has projected a cumulative reduction of over ₹100,000 crore in fossil fuel imports by 2030, supported by a budget allocation of ₹600 crore for the 2025-26 fiscal year, doubling from the previous year [1]. This substantial financial backing signals India’s strong commitment to developing its hydrogen economy.
Leading Companies and Market Dynamics
Top players in the Indian green hydrogen market, such as Reliance Industries Ltd, Larsen & Toubro Ltd, and Oil and Natural Gas Corporation Ltd (ONGC), are paving the way for innovation and increased production capacity [1]. Their involvement highlights the sector’s potential for growth and investment opportunities, attracting attention from both domestic and international investors. The recognition of hydrogen stocks as viable investment options reflects a broader trend towards sustainable energy solutions [1].
Global Context and Future Prospects
The global hydrogen market is facing challenges such as project delays and cost pressures, yet it continues to achieve significant milestones, according to the International Energy Agency (IEA) [5]. Despite a revised forecast reducing expectations for low-emissions hydrogen production by nearly 25%, the sector’s long-term outlook remains promising [5][6]. India’s strategic positioning in this evolving landscape underscores its potential as a key player in the global hydrogen economy [1][6].
Conclusion: A Bright Future Ahead
India’s investments in green hydrogen are not just about reducing reliance on fossil fuels; they represent a transformative step towards a more sustainable future. With robust government support and active participation from industry leaders, the country is well on its way to achieving its ambitious green hydrogen goals. As I see it, the enthusiasm surrounding this transition is infectious, and it seems the sky’s the limit for India’s green hydrogen journey [1][5].