Chemicals & Petrochemicals | Green hydrogen | Opportunities
India is making significant strides in the green hydrogen sector. A report by Alvarez & Marsal highlights India’s ambitious plans to tap into the green hydrogen market, aiming for $3–5 billion in exports and $7–15 billion in import substitution within the next decade. This strategic move aligns with global shifts toward sustainable energy sources and positions India as a key player in the emerging green energy market.
NotesWell, that's a total of about $15-20 billion foreign exchange benefit to India. Might not sound earth-shaking, given that India's exports are moving healthily towards $1 trillion, but given that this is a nascent sector with much higher potential starting perhaps 2035, it would be quite a good start if India is these numbers are achieved.
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