India approves $2 billion incentive plan for green hydrogen industry
South Asia
04 January, 2023, 04:05 pm
Last modified: 04 January, 2023, 04:05 pm
Workers clean photovoltaic panels inside a solar power plant in Gujarat, India, July 2, 2015. REUTERS/Amit Dave/File Photo
India has approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen in a bid to cut emissions and become a major exporter in the field, the country's information minister said on Wednesday.
The move is targeted to help India, one of the world's biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070.
($1 = 82.8000 Indian rupees)
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