Global Trade Alert
Global Trade Alert

India: Incentive scheme under the green hydrogen mission for the manufacture of electrolyser launched

Announcement

28 Jun 2023

The Indian Ministry of New and Renewable Energy announced a scheme for incentivising the manufacture of electrolysers under the National Green Hydrogen Mission.

Source

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Number of interventions

12

8 certainly harmful

0 likely harmful

4 liberalising

List of interventions

Implementation date

01 Apr 2029

Revocation date:

31 Mar 2030

Updated: 28 Jun 2023
Local value added incentive

On 28 June 2023, the Ministry of New and Renewable Energy increased the minimum local value-added required to avail incentives on the sales of electrolysers from 70% to 80% for the year 2029-2030.<...

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Implementation date

01 Apr 2029

Revocation date:

31 Mar 2030

Updated: 28 Jun 2023
Production subsidy

On 28 June 2023, the Ministry of New and Renewable Energy approved an incentive of INR 1'480 (USD 18) per kW to be provided to entities on the sales of electrolysers in the year 2029-2030*. This in...

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Implementation date

01 Apr 2028

Revocation date:

31 Mar 2029

Updated: 28 Jun 2023
Local value added incentive

On 28 June 2023, the Ministry of New and Renewable Energy increased the minimum local value-added required to avail incentives on the sales of electrolysers from 60% to 70% for the year 2028-2029.<...

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Implementation date

01 Apr 2028

Revocation date:

31 Mar 2029

Updated: 28 Jun 2023
Production subsidy

On 28 June 2023, the Ministry of New and Renewable Energy approved an incentive of INR 2'220 (USD 27) per kW to be provided to entities on the sales of electrolysers in the year 2028-2029*. This in...

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Implementation date

01 Apr 2027

Revocation date:

31 Mar 2028

Updated: 28 Jun 2023
Local value added incentive

On 28 June 2023, the Ministry of New and Renewable Energy increased the minimum local value-added required to avail incentives on the sales of electrolysers from 50% to 60% for the year 2027-2028.<...

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Implementation date

01 Apr 2027

Revocation date:

31 Mar 2028

Updated: 28 Jun 2023
Production subsidy

On 28 June 2023, the Ministry of New and Renewable Energy approved an incentive of INR 2'960 (USD 36) per kW to be provided to entities on the sales of electrolysers in the year 2027-2028*. This in...

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Implementation date

01 Apr 2026

Revocation date:

31 Mar 2027

Updated: 28 Jun 2023
Local value added incentive

On 28 June 2023, the Ministry of New and Renewable Energy increased the minimum local value-added required to avail incentives on the sales of electrolysers from 40% to 50% for the year 2026-2027.<...

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Implementation date

01 Apr 2026

Revocation date:

31 Mar 2027

Updated: 28 Jun 2023
Production subsidy

On 28 June 2023, the Ministry of New and Renewable Energy approved an incentive of INR 3'700 (USD 45) per kW to be provided to entities on the sales of electrolysers in the year 2026-2027*. This in...

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Implementation date

01 Apr 2025

Revocation date:

31 Mar 2030

Updated: 28 Jun 2023
Public procurement localisation In force

On 28 June 2023, the Ministry of New and Renewable Energy announced a local content incentive under the "Strategic Interventions for Green Hydrogen Transition Programme - Component I: Incentive Sch...

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Updated: 28 Jun 2023
Local value added incentive In force

On 28 June 2023, the Ministry of New and Renewable Energy announced a local value-added incentive under the  "Strategic Interventions for Green Hydrogen Transition Programme - Component I: Incentiv...

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Implementation date

01 Apr 2025

Revocation date:

31 Mar 2026

Updated: 28 Jun 2023
Local value added incentive In force

On 28 June 2023, the Ministry of New and Renewable Energy announced a local value-added incentive for the manufacture of electrolysers. This incentive is announced under the "Strategic Intervention...

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Updated: 28 Jun 2023
Production subsidy In force

On 28 June 2023, the Ministry of New and Renewable Energy approved an incentive of INR 4'440 (USD 54) per kW to be provided to entities on the sales of electrolysers in the year 2025-2026*. This in...

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