PM to India Inc: Invest in inexperienced hydrogen output

Prime Minister Narendra Modi on Friday referred to as on trade to put money into inexperienced hydrogen manufacturing, saying India may change into a hub for inexperienced hydrogen, given the ample availability of inexperienced power within the nation. Green hydrogen is produced via electrolysis of water utilizing renewable power.

“India has an inherent advantage in the form of abundant renewable energy power available. With this, India can become a global hub for green hydrogen,” Modi mentioned at a post-Budget webinar on renewable power. He added the hydrogen ecosystem is related with the fertiliser, refineries and transportation sectors.

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“This is an area in which the private sector should promote innovation, so that India’s full potential can be utilised,” Modi mentioned.

The PM additionally highlighted the necessity to produce power environment friendly merchandise to cut back energy consumption.