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POLICY AND ECONOMIC REPORT
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operations, assess the effectiveness of hydrogen-based vehicles and refuelling stations, validate
technical feasibility and performance, and evaluate their economic viability, thereby leading to
hydrogen-based vehicles and hydrogen refuelling stations under real-world operational conditions.

India to Lead the World in Green Hydrogen: Union Minister Shri Pralhad Joshi

Union Minister for New and Renewable Energy, Shri Pralhad Joshi, said that India is striving to becoming
a global leader in green hydrogen production and utilization. Speaking at the flag-off ceremony of India’s
first fleet of hydrogen-powered truck trials in New Delhi, the Minister highlighted the transformative
vision behind the National Green Hydrogen Mission (NGHM) and the country’s strides towards energy
independence.

Union Minister Shri Pralhad Joshi emphasized that, under the leadership of Prime Minister Shri
Narendra Modi, India has positioned itself at the forefront of the global green energy transition. With an
allocation of ?19,744 crore, the National Green Hydrogen Mission aims to establish India as a key player
in hydrogen production, storage, and application across various sectors. He noted that India has already
made remarkable progress, awarding 4,12,000 TPA of Green Hydrogen production and approving 3 GW
of electrolyser manufacturing capacity per annum. Additionally, seven pilot projects have been launched
across transportation, shipping, steel, and storage, alongside the publication of 88 standards to ensure
safety and scalability.

Looking ahead, the Minister outlined India’s ambitious 2030 targets, which include producing 5 million
metric tons (MMT) of Green Hydrogen annually, installing 60-100 GW of electrolyser capacity, and
adding 125 GW of renewable energy capacity dedicated to hydrogen production. These initiatives are
expected to help reduce 50 million metric tons of CO2 emissions annually, save ?1 lakh crore in imports,
and attract investments worth ?8 lakh crore.

Shri Joshi described the launch of hydrogen-powered truck trials as a radical shift in India’s mobility
sector, reducing dependence on fossil fuels and enhancing energy security. He noted that India is the
third-largest oil consumer and fourth-largest crude oil importer, and hydrogen technology will play a key
role in reducing this reliance. The first batch of three hydrogen-powered heavy-duty trucks will operate
on the Faridabad–Delhi NCR and Ahmedabad–Surat–Vadodara routes. To support this transition, Indian
Oil Corporation Limited (IOCL) is establishing hydrogen refueling stations in Faridabad, Vadodara, Pune,
and Balasore.

PM Surya Ghar: Muft Bijli Yojana Crosses Milestone of 10 Lakh Installations

PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has
achieved a significant milestone by completing 10.09 lakh installations across the country as of 10th
March 2025. This ambitious scheme, launched by Prime Minister Shri Narendra Modi on 13th February
2024, aims to provide free electricity through rooftop solar systems to 1 crore residential households
and reduce dependence on conventional power sources while enabling citizens to become energy
producers. The scheme enables every household to contribute to climate change mitigation by reducing
carbon emissions equivalent to planting 100 trees.

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