India aims to become world's cheapest producer of green hydrogen by 2030: Former Niti Aayog CEO Mr. Amitabh Kant
- IBEF
- November 27, 2025
India is aiming to become the world’s lowest-cost producer of green hydrogen by reducing production costs from Rs. 401.6 (US$ 4.50) per kg to Rs. 89.24 (US$ 1) per kg by 2030, former NITI Aayog Chief Executive Officer (CEO) Mr. Amitabh Kant said at the National Green Economy Conclave organised by the Council on Energy, Environment and Water. He said achieving this target would transform sectors such as steel, fertilisers, mobility, and heavy transport, adding that reaching the Rs. 89.24 (US$ 1) per kg benchmark would position India as a global green energy leader. He noted that the National Green Hydrogen Mission, the rapid expansion of solar capacity, and falling renewable tariffs are collectively enabling this ambition. He stressed that green hydrogen is central to India’s long-term clean manufacturing and decarbonisation strategy and will open significant opportunities for startups, especially in recycling technologies, new materials, and solutions for the circular economy.
He said India’s innovation ecosystem, supported by digital infrastructure, geospatial tools, and artificial intelligence, will accelerate the green transition. Citing estimates from a Council on Energy, Environment and Water report, he stated that the shift could create 48 million jobs, attract Rs. 3,56,96,000 crore (US$ 4 trillion) in investments, and unlock a Rs. 1,24,93,600 crore (US$ 1.4 trillion) market. He added that India must avoid replicating the fossil-fuel-driven urban model adopted by Western economies and instead prioritise circularity, bioeconomy, and green urban planning. With half of India still to be built and nearly 500 million people set to urbanise, he said this is a once-in-history opportunity to create inclusive and sustainable cities. At the event, the President of Everstone Group and Eversource Capital and former Union Minister of State in the Civil Aviation Ministry, Mr. Jayant Sinha, highlighted the economic, health, and security benefits of the green transition. Council on Energy, Environment and Water Director Mr. Abhishek Jain said adopting circular economy models can significantly reduce India’s import dependence across crude oil, critical minerals, and fertilisers.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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