Gujarat aims to become centre for green hydrogen

Gujarat aims to become the world centre for green hydrogen by creating an estimated 8 MTPA production capacity in another 10-12 years, state Industries Minister Balwantsinh Rajput has said.

Addressing a plenary session on “Gujarat’s G20 Connect” as part of the Business 20 India Inception Meeting, Rajput said as a driving force, Gujarat will make a significant contribution to India’s economic development.

Gujarat aims to especially focus on farsighted policies and green production processes for the new generation in alignment with the global agenda, Rajput said.

The state is emphasising on developing production of electric vehicles, batteries, green hydrogen and green production processes etc, he said.

He said the state has created an electric vehicle (EV) value chain by setting up charging station operators and offering financial incentives to the last users.

Gujarat Minister of Finance, Energy and Petrochemicals Kanu Desai told the gathering the state has worked towards “holistic development of women” by allocating around 35 per cent of the state budget every year towards the “gender budget”.

He said under the guidance of Prime Minister Narendra Modi, Gujarat International Finance Tec-City (GIFT City) has emerged as the new financial gateway of India which is enabling innovation in the financial services sector.