India has set an ambitious goal to become the world’s lowest cost producer of green hydrogen by 2030, with former NITI Aayog CEO Amitabh Kant stating that the country aims to bring production costs down to US$ 1 per kilogram from the current level of about US$ 4.5. Speaking at the National Green Economy Conclave organised by the Council on Energy, Environment and Water, he said this shift could reshape India’s industrial landscape by enabling clean production pathways for steel, fertilisers and heavy mobility. He noted that the rapid growth of renewable energy capacity and sharply falling solar and wind tariffs are expected to play a key role in enabling this cost reduction under the National Green Hydrogen Mission.

Mr Kant highlighted that India’s transition to low cost green hydrogen could stimulate new opportunities in green manufacturing and the circular economy. Entrepreneurs working in recycling, advanced materials and clean technology development are expected to benefit as industries adapt to hydrogen-based systems. He said India’s expanding clean energy ecosystem would create space for innovation in supply chains that support electrolyser manufacturing and hydrogen distribution.

Strategic Impacts Beyond Energy

The broader economic potential of this transition is substantial. Citing a recent CEEW report, Mr Kant said India’s green shift could generate 48 million jobs by 2047, attract US$ 4 trillion of investment and create a US$ 1.4 trillion market for new age industries aligned with sustainability goals. He said the country must avoid replicating the fossil fuel dependent development models of the past and instead build infrastructure that supports long term resilience and resource efficiency.

Industry leaders at the conclave agreed that achieving the US$ 1 per kilogram target would position green hydrogen as a foundational fuel for India’s clean manufacturing plans, reducing import dependence and enhancing energy security while supporting deep decarbonisation in hard to abate sectors. They said India’s focus on affordability and scale could transform it into a global hub for hydrogen production and technology development as the world accelerates its shift towards low carbon industrial systems.

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https://energy.economictimes.indiatimes.com/news/renewable/india-targets-becoming-the-worlds-lowest-cost-green-hydrogen-producer-by-2030-amitabh-kant/125603427