New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) Chairman and Managing Director (CMD) Pradip Kumar Das emphasized India’s vast potential to become a global hub for green hydrogen production and trade during his keynote address at the International Conference on Green Hydrogen (ICGH 2025) held at Bharat Mandapam, New Delhi.
Delivering his address on the theme “Opportunities for Green Hydrogen Investment and Trading in India,” Das underscored that Green Hydrogen represents a pivotal opportunity for India to accelerate its clean energy transition, reduce dependence on fossil fuels, and position itself as a leader in sustainable hydrogen trade.
Referring to the International Energy Agency’s Green Hydrogen Review 2025, he noted that the global achievable production, based on current project announcements, is projected at around 37 million tonnes per annum (MTPA) by 2030—significantly below the estimated requirement of approximately 150 MTPA. This production gap, he said, offers India a unique opportunity to lead the global green hydrogen landscape.
Highlighting the Government of India’s proactive efforts, Das said that the National Green Hydrogen Mission (NGHM) —backed by an investment of Rs 19,744 crore—targets the production of 5 MTPA of green hydrogen by 2030. The Mission is expected to mobilize over Rs 8 lakh crore in total green investments, fostering large-scale adoption, innovation, and global competitiveness across the sector.
Elaborating on IREDA’s contribution to this vision, he informed that the agency has already financed its first Green Ammonia project. Additionally, through its subsidiary at GIFT City, IREDA will facilitate foreign currency loans for export-oriented green hydrogen manufacturers, enabling developers to save between 250 and 350 basis points in hedging costs.
“With abundant renewable resources, strong policy support, growing industrial demand, and vast export potential, India is well-positioned to emerge as a global green hydrogen hub,” Das said. He reaffirmed IREDA’s commitment to financing, de-risking, and accelerating the growth of India’s green hydrogen ecosystem through innovation and partnerships.
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