Page 56 - Policy Economic Report - July 2025

July 2025 POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

India leads in clean energy innovation. In this respect, MNRE’s support to premier institutions like NCPRE,
IIT Bombay, strengthens domestic R&D, reducing reliance on imported technology and fostering
indigenous manufacturing. Through initiatives like the Renewable Energy Research & Technology
development (RE-RTD) and R&D funding schemes, MNRE is enabling institutions like NCPRE to accelerate
lab-to-market transitions, further stated Shri Joshi. He added that NCPRE’s work exemplifies how public-
funded research, when coupled with policy support, can position India as a global clean energy hub.

Highlighting MNRE’s Strategic Support for R&D & Commercialization, Shri Joshi urged the IIT Bombay-ART
PV team to Commercially demonstrate that Perovskite Tandem Solar Cells are not only scalable but also
profitable. By making advanced technologies accessible to industry, we will not just be driving efficiency,
but also building a stronger innovation ecosystem, he said. Shri Joshi further said that this approach aligns
perfectly with the larger vision of the Central Government under the leadership of PM Shri Narendra Modi
to turn Indian R&D into global benchmarks. He stated that the Union Cabinet approved the Research
Development and Innovation (RDI) Scheme just two weeks back, and the budget for Gross Expenditure
on Research and Development (GERD), stands at Rs. 1.27 lakh crore.

Union Minister Shri Pralhad Joshi lauds the innovation of producing green hydrogen from bio-waste at
the Indian Institute of Science, Bengaluru

Union Minister of New & Renewable Energy Shri Pralhad Joshi visited the prestigious Indian Institute of
Science (IISc) in Bangalore, where he witnessed the innovative invention and experiment that produces
environmentally friendly pure green hydrogen from agricultural waste. The honourable minister
addressed prominent professors, researchers, and industry leaders during his visit. He emphasized the
key role of IISc in shaping India's clean energy future and outlined the major challenges facing the scientific
community.

In his address, Shri Joshi expressed happiness to be at the Indian Institute of Science, which is a source of
'global respect and national pride'. He thanked the IISc Director Prof. Rangarajan and praised the
enthusiasm and hard work of the faculty members and researchers. The minister highlighted the century-
old tradition of excellence that IISc has in Indian science. He especially praised the 'highly advanced green
water generator production system' developed by Professor Dasappa and his team from bio-waste. Shri
Joshi also stated, 'This system you have developed here is a prime example of what it means to transform
fundamental science into effective technology.' He characterized it not just as a national achievement but
as a 'global achievement'. This system can produce up to 5 kilograms of green hydrogen per hour using
India's own agricultural residues with over 99% purity. Agricultural waste products are typically burned,
or if left alone, they emit methane into the atmosphere. However, this invention demonstrates that it is
possible to produce environmentally friendly fuel using these wastes. This invention is a 'truly self-
sufficient innovation.' Uniquely, it is a carbon-reducing research, as 'every kilogram of hydrogen produced
here removes more than one kilogram of carbon dioxide from the atmosphere,' he said.

Minister Joshi directly linked this innovation to the "National Green Hydrogen Mission" launched under
the leadership of Prime Minister Modi at a cost of ?19,744 crore. He reiterated the ambitious goals of the
project, including an annual production capacity of 5 million metric tons of green hydrogen; an additional
renewable energy capacity of 125 gigawatts; a total investment of ?8 lakh crore; the creation of over 6

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