India approves $2 billion incentive plan for green hydrogen industry

Picture for representational purpose| India’s push for green hydrogen production is part of the government's larger move toward increasing the adoption of renewable and green sources of energy. | Reuters

New Delhi: India has approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen in a bid to cut emissions and become a major exporter in the field, the country’s information minister said on Wednesday.

The move is targeted to help India, one of the world’s biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070. -Reuters

($1 = 82.8000 Indian rupees)

(Reporting by Sarita Chaganti Singh, editing by Sudipto Ganguly)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.