India is moving quickly to become a global hub for green hydrogen as the world prepares for a clean energy future. The global market for this fuel is expected to touch ₹22 lakh crore by 2035, and India has set a bold target of producing five million tonnes per year by 2030.
The government has launched the National Green Hydrogen Mission with an investment plan of ₹17,490 crore. This includes support for electrolyser manufacturing and hydrogen production, along with pilot projects, research, and supply chain development.
Three companies are emerging as key players in this journey. Waaree Energies is building a one‑gigawatt electrolyser plant in Gujarat and has already secured incentives and early orders. Advait Energy Transitions is focusing on indigenous technology, commissioning India’s first green hydrogen microgrid, and bidding for ammonia projects. NTPC, India’s largest power producer, is setting up a massive hydrogen hub in Pudimadakka with renewable energy backing and pilot projects across the country.
Market watchers note that Waaree has strong early returns, Advait is trading at premium valuations with promising technology, and NTPC has the financial strength to drive mega projects though timelines may be longer.
India’s green hydrogen mission is not only about clean energy but also about creating new industries, jobs, and global leadership in the energy transition.
