PM Modi announced the National Hydrogen Mission during his independence day speech from Red Fort on 15th August, 2021. It is worth mentioning that India spends almost INR 12 lakh crores annually to meet its energy needs. National Hydrogen Mission will aim to mark India as a global hub for green hydrogen production and exports.
India is considering a proposal to make it mandatory for fertilizer plants and oil refineries to purchase green hydrogen as part of plans to cut the nation’s dependence on fossil fuels. Prime Minister Modi informed that it will be a quantum jump in India’s strategy to leverage scale for its ambitious green hydrogen plan.