The Union Budget for 2024-25 has allocated Rs 600 crore for the National Green Hydrogen Mission, a 102% increase from the previous year. This mission aims to establish India as a global manufacturing hub for green hydrogen. The mission targets a green hydrogen production capacity of 5 million metric tonnes per annum by 2030 and the addition of 125 GW of renewable energy capacity. It also envisions an investment of over Rs 8 lakh crore and the creation of 6 lakh jobs by 2030.
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