IREDA CMD Pradip Kumar Das underscored India’s vast potential to become a global Green Hydrogen hub
New Delhi. Pradip Kumar Das, Chairman and Managing Director (CMD) of the Indian Renewable Energy Development Agency Limited (IREDA), strongly emphasized India’s vast potential to establish itself as a global hub for Green Hydrogen production and trade. He was delivering his keynote address at the International Conference on Green Hydrogen (ICGH 2025) held at Bharat Mandapam, New Delhi. Das focused on the theme, “Opportunities for Green Hydrogen Investment and Trading in India.”
Seizing the Global Production Gap
Das underscored that Green Hydrogen represents a pivotal opportunity for India. It allows the nation to significantly accelerate its clean energy transition, dramatically reduce its dependence on volatile fossil fuels, and strategically position itself as a key global leader in sustainable hydrogen trade.
Citing the International Energy Agency’s Green Hydrogen Review 2025, the CMD noted a significant projected global production gap. Based on current project announcements, the global achievable production will reach approximately 37 million tonnes per annum (MTPA) by 2030. However, the estimated global requirement approaches 150 MTPA. Das asserted that this considerable production shortfall offers India a unique and timely opportunity to capture market share and lead the global green hydrogen landscape,. This way, India will leverage its geographical advantages and robust policy environment.
Green Hydrogen: Policy Support and Investment Mobilisation
Highlighting the proactive approach of the Government of India, Das detailed the efforts under the National Green Hydrogen Mission (NGHM). The NGHM, backed by an initial investment of ₹19,744 crore, specifically targets the production of 5 MTPA of green hydrogen by 2030. This mission expects to mobilise over ₹8 lakh crore in total green investments across the sector. This massive financial commitment fosters large-scale adoption, drives innovation, and secures global competitiveness for Indian manufacturers.
Das elaborated on IREDA’s direct contribution to this ambitious national vision. The agency has already successfully financed its first Green Ammonia project. It is a major step toward practical implementation. Furthermore, IREDA established a subsidiary at GIFT City to specifically facilitate foreign currency loans for export-oriented green hydrogen manufacturers. This strategic financial mechanism enables developers to save between 250 and 350 basis points in hedging costs, making Indian exports significantly more competitive on the world stage. Furthermore, Das reaffirmed that IREDA will continue to finance, de-risk, and accelerate the growth of India’s green hydrogen ecosystem through dedicated innovation and strategic partnerships.
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