![India can attract $125 billion in green hydrogen projects](https://images.assettype.com/fortuneindia%2F2022-02%2F67d83b43-aa3a-418a-9aaa-bf5b8b18502b%2Fgreen_hydrogen.jpg?w=300&q=95)
India can attract $125 billion in green hydrogen projects
Investment bank Avendus Capital underlines the decarbonisation potential of green hydrogen and the role it could play in India’s transition to a greener economy
Investment bank Avendus Capital underlines the decarbonisation potential of green hydrogen and the role it could play in India’s transition to a greener economy
...but smaller Indian corporates still to follow high standards in ESG reporting and action.
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
The partnership aims to catalyse India’s 2030 decarbonisation target, supported by a rising inclination towards electric vehicles in the cab-hailing segment.
The JV agreement between the two PSUs is in line with the central government’s decarbonisation push towards a low carbon future and net zero emissions.
Accelerate investment into low-carbon technologies beyond renewable energy.
The move to net-zero carbon will throw up a whole set of new business opportunities and ideas, says CII chief Sanjiv Bajaj.