Page 51 - Policy Economic Report - September 2024

POLICY AND ECONOMIC REPORT
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In his address, Shri Bhupinder S. Bhalla, Secretary, MNRE inspired the audience by saying, "Our goal is to
ignite a passion for sustainability and innovation among the youth. By working together and embracing
new technologies, we can drive meaningful change and build a brighter, greener future for all." Echoing
this commitment, Mr. Nishaanth Balashanmugam, Director of GH2 India highlighted the transformative
potential of green hydrogen, noting, "Green hydrogen is the only solution to almost 18 to 20% of the
world's carbon emissions," and urged, "Together, we should all work towards a cleaner future, and you
can contribute by playing your role in this." These remarks reflect a unified dedication to advancing
sustainable practices and engaging youth in the global effort against climate change. The session
concluded with a vote of thanks from Shri Abhay Bakre, Mission Director of NGHM, MNRE.

In parallel to this, a GH2Thon Hackathon was also organized, where participants presented their
innovative solutions for advancing green hydrogen technology. Nandlal Gupta from IIT Bombay was
named the winner. Addressing the session, Shri Ajay Yadav, Secretary, MNRE remarked that “GH2THON
is a visionary initiative, harnessing the innovation of startups, researchers, and technical experts to shape
the future of hydrogen technology. As a first-of-its-kind event, it reflects our commitment to the Green
Hydrogen Mission, empowering the next generation to lead India’s transition toward a sustainable, green
energy future.”

Over 100 stalls from industry players and public companies is showcasing latest technologies and
innovation in the field of green hydrogen value chain. The event is graced by over 2000 national and
international delegates involving academicians, industry experts start-ups, policy makers and diplomats.
On the sidelines of the exhibition, the day also witnessed a national poster competition where participants
showcased their ideas and innovation in building a sustainable future.

The day also featured two Country Roundtables on Singapore & South Korea, an industry roundtable for
the India-US Hydrogen Taskforce, and a breakthrough roundtable on Hydrogen, all of which fostered
deeper international collaboration and strategic dialogues.

As ICGH-2024 progresses, it continues to be a significant platform for driving forward green hydrogen
technologies and establishing vital partnerships for a sustainable future.

Prime Minister Shri Narendra Modi inaugurated 4th Global Renewable Energy Investor’s Meet and Expo
(RE-INVEST) in Gandhinagar, Gujarat

The Prime Minister, Shri Narendra Modi inaugurated the 4th Global Renewable Energy Investor’s Meet
and Expo (RE-INVEST) at Mahatma Mandir, Gandhinagar in Gujarat. The 3-day summit honours the
important contributors to India's remarkable achievement of over 200 GW of installed non-fossil fuel
capacity. Shri Modi also took a walkthrough of the exhibition showcasing cutting-edge innovations from
public and private sector companies, start-ups, and major industry players.

The Prime Minister said that India's diversity, scale, capacity, potential and performance are all unique
and pave the way for Indian solutions for global applications. “Not just India, the whole world believes
that India is the best bet of the 21st century”, exclaimed the Prime Minister. Recounting the global events

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