The National Green Hydrogen Mission is expected to attract investments of Rs. 8 lakh crore and generate more than 6 lakh jobs in India, according to a press release from the Indian government.
On January 4, 2023, Union Minister Anurag Thakur announced that the Union Cabinet had approved an initial budget of Rs 19,744 crore for the National Hydrogen Mission. 17,490 crores of the initial budget are allocated to the SIGHT program, 1,466 crores to pilot projects, 400 crores to research and development, and 388 crores to other mission components.
The mission will have a number of advantages, such as expanding the export markets for green hydrogen and its derivatives, decarbonizing the industrial, transportation, and energy sectors, reducing reliance on imported fossil fuels and feedstock, enhancing domestic manufacturing capabilities, generating employment opportunities, and advancing cutting-edge technologies.
India To Create Green Jobs
According to Manish Dabkara, Chairman and MD of EKI Energy Services, who spoke to CNBC-TV18.com, \ the Union Cabinet's approval of the National Green Hydrogen Mission, the country's renewable energy capacity will increase by 125 GW, extending job growth in the industry and adding 6 lakh new direct jobs, making India one of the top three countries in the world for creating green jobs. “India would have a big development imperative given the indirect job creation in the upstream and downstream supply chains”, he said.
He further added, “The creation of new jobs in the green energy industry has already been blooming. As of April 2022, there were 468 percent more job ads in verticals like environmental, social, and governance (ESG) and sustainability than there were in April 2019, according to statistics from the job listings website Indeed”.
Green Hydrogen A Vast Employment Sector
Green hydrogen may be used for a variety of things, such as delivering raw materials to companies, powering fuel-cell cars, and expanding renewable energy storage to make it a competitive option to non-renewable energy, creating the anticipated number of jobs in the process.
According to Deepak Sood, Secretary General of ASSOCHAM, jobs for manufacturing facilities of electrolyzers and other equipment required for green hydrogen and green ammonia plants, project execution of GH/GA projects, RE plants, and for operation and maintenance of renewable plants can all be created directly in the green hydrogen sector.
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