To achieve the vision of Viksit Bharat 2047, India must invest in green hydrogen.
Last year, India unveiled a target of energy independence by 2047 and a net-zero.
In the Union Budget 2024-25, the Centre has increased the monetary allocation for the National Green Hydrogen Mission to Rs 600 crore.
India, holds the largest thorium reserves globally, making it uniquely positioned to lead in thorium-based molten salt reactor (MSR) technologies.
Presently, Prime Minister Narendra Modi-led government is focusing on developing green hydrogen production capabilities using its abundant renewable.
Through the process of electrolysis, green hydrogen is derived by splitting water into hydrogen and oxygen using electricity generated from renewable sources like solar, wind, or hydropower.
The process eventually produces a clean and emission-free fuel that has a potential to replace fossil fuels and reduce carbon emissions.