The Union Cabinet approved the National Green Hydrogen Mission on 4th January 2023, with an outlay of ₹ 19,744 crore. The overarching objective of the Mission is to make India a Global Hub for production, usage and export of Green Hydrogen and its derivatives, by targeting production of 5 MMT per annum of Green Hydrogen by 2030. The following components have been announced as part of the Mission:

i) Facilitating demand creation through exports and domestic utilization;
ii) Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, which includes incentives for manufacturing of electrolysers and production of green hydrogen;
iii) Pilot Projects for steel, mobility, shipping, decentralized energy applications, hydrogen production from biomass, hydrogen storage, etc.;
iv) Development of Green Hydrogen Hubs;
v) Support for infrastructure development;
vi) Establishing a robust framework of regulations and standards;
vii) Research & Development programme including through a public-private partnership framework for R&D;
viii) Skill development programme; and
ix) Public awareness and outreach programme.

The National Green Hydrogen Mission has an outlay of ₹ 600 crore for the FY 2024 – 25 under various heads.

The Green Hydrogen production capacity envisaged by 2030 is likely to leverage over ₹8 lakh crore in total investments in the Green Hydrogen industry. This investment is estimated to create 6,00,000 jobs by 2030.