India’s Union Minister of Steel has emphasized the country’s commitment to a green and sustainable future, emphasizing the need for responsible economic progress in the post-COVID era.
The country is revitalizing its rich history of environmentalism through modern strategies, such as the Panchamrit and Mission LiFE initiatives. The government is encouraging companies, citizens, and state governments to focus on “green growth” and “green jobs” to achieve the target of net zero carbon emission by 2070.
India’s steel sector has evolved from a net importer to a net exporter, with the National Green Hydrogen Mission (NGHM) transforming the industry.
Be it the environment or industry, India has always championed sustainable practices.
— Jyotiraditya M. Scindia (मोदी का परिवार) (@JM_Scindia) March 4, 2024
Today marks a historic day in this realm as we commence India's first green hydrogen plant in the stainless steel sector. Green hydrogen has the potential to replace fossil fuels in steel… pic.twitter.com/TvNx34HbSn
Launched last year, the mission aims to make India a global hub for Green Hydrogen production, usage, and export. The Mission also supports pilot projects in the steel sector with a budget of around ₹500 crore until FY 2029-30.
The Minister congratulated Hygenco and Jindal Stainless for commissioning India’s first long-term off-take green hydrogen plant, which aligns with the government’s vision for a cleaner and more sustainable future.
He urged other industry stakeholders to adopt clean technologies and actively participate in India’s transformative journey towards a greener economy. The government is ready to initiate robust national green policies, 13 task forces to identify action points for green steel production, and the implementation of the Steel Scrap Recycling Policy to enhance the availability of domestically generated scrap.
The next era of growth belongs to India and, within India, the steel industry.
It will be the world’s first off-grid Green Hydrogen plant for the stainless steel industry and the world’s first Green Hydrogen plant with rooftop & floating solar. This project is also a state-of-the-art green hydrogen facility with a target to reduce carbon emissions considerably by around 2,700 Metric Tonnes per annum and 54,000 tons of CO2 emissions over next two decades.
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