New Delhi: Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Ltd. (IREDA), delivered the keynote address on “Opportunities for Green Hydrogen Investment and Trading in India” today at the International Conference on Green Hydrogen (ICGH 2025) in Bharat Mandapam, New Delhi.
Shri Das articulated that Green Hydrogen offers a crucial pathway for India to accelerate its clean energy transition, significantly reduce its reliance on fossil fuels, and establish itself as a global leader in sustainable hydrogen trade. He drew attention to the significant global demand-supply gap, citing the IEA’s Green Hydrogen Review 2025, which projects global achievable production at approximately 37 MTPA by 2030, substantially below the estimated requirement of around 150 MTPA. This gap, Shri Das emphasized, is a major opportunity for India to capture a leadership position in the global green hydrogen sector.
CMD IREDA underscored the robust government support driving this ambition through the National Green Hydrogen Mission (NGHM). The NGHM targets 5 MTPA of Green Hydrogen production by 2030, backed by a ₹19,744 crore government investment, which is expected to mobilize over ₹8 lakh crore in total green investments to foster large-scale adoption and innovation.
Highlighting his organization’s role, Shri Das shared that IREDA has already taken a proactive step by financing its first Green Ammonia project. Furthermore, he announced that IREDA will leverage its subsidiary at GIFT City to facilitate foreign currency loans for export-oriented Green Hydrogen manufacturers, enabling developers to save an estimated 250–350 basis points on hedging costs.
Shri Das concluded by stating that with abundant resources, strong government backing, substantial industrial demand, and promising export prospects, India is well-positioned to become a global hub for Green Hydrogen. He reaffirmed IREDA’s deep commitment to financing, de-risking, and accelerating the growth of India’s Green Hydrogen ecosystem through strategic innovation and partnership.