Industry body India Hydrogen Alliance has sought an additional budgetary support of USD 2.5 billion for government's National Green Hydrogen Mission (NGHM) in the upcoming Budget.
The additional funds will be essential for supporting demand side incentives, capital expenditures for building hydrogen infrastructure and hydrogen hub development, the India Hydrogen Alliance (IH2A) said in its Budget recommendation to the government.
The body has "recommended increasing budgetary support for the National Green Hydrogen Mission (NGHM), with an additional USD 2.5 billion allocation in addition to the USD 2.3 billion already allocated to NGHM".
IH2A also raised industry concerns about slow project development and the lack of offtake agreement for green hydrogen.
Demand side incentives, capex subsidies, establishment of green hydrogen development corporations (GHDCs) shall address these challenges, the body said.
The public finance and funding will also support in development of five more