PHDCCI Unveils Ten Recommendations to Scale Up India's National Green Hydrogen Mission
The PHD Chamber of Commerce and Industry (PHDCCI) has put forth an all-inclusive set of ten recommendations to encompass various aspects of policy and infrastructure development.
September 16, 2023. By EI News Network
Speaking about the recommendations, PHDCCI President Saket Dalmia stated, “The National Green Hydrogen’s objectives, coupled with these recommendations, hold the promise of not only reducing carbon emissions but also stimulating economic growth and innovation.”
The National Green Hydrogen Mission, with an initial outlay of INR 19,744 crore, targets to make India a global centre for producing, utilizing, and exporting green hydrogen and its derivatives.
Jeewan Prakash Gupta, Chair of the Environment and Climate Change Committee at PHDCII underscored the significance of Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) and the progression of Green Hydrogen hubs. "These initiatives will not only drive the growth of the green hydrogen sector but also position India as a global leader in sustainable energy solutions.”
The PHDCCI (PHD Chamber of Commerce and Industry) has put forth an all-inclusive set of ten recommendations to encompass various aspects of policy and infrastructure development. They support to official recognise of green hydrogen and ammonia in infrastructure listings, propose tax incentives like zero GST rates and extended customs duty waivers for key equipment.
They also call for the inclusion of green hydrogen derivatives in carbon credit trading, amendments to SEZ rules to support production and relaxation for RE plants supplying power to these industries. Additionally, the recommendations emphasize facilitation for project development and exports, the withdrawal of extra charges for power sales from solar projects, and the establishment of a Center of Excellence for hydrogen to ensure training, capacity building, and testing facilities meet international standards.
Former President of India, Ram Nath Kovind, added, “When India took over the presidency of G20 it gave the slogan Vasudhaiva Kutumbakam which means that the world is one family. Our planet is facing unpleasant climatic conditions. We must act collectively and swiftly for this and take mindful and constructive actions.”
Altogether, these recommendations aim to foster the growth of sustainable hydrogen and ammonia sectors, aligning with environmental and economic objectives.
please contact: contact@energetica-india.net.
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