Strategic Intervention for Green Hydrogen Transition (SIGHT)
The government of India on August 15, 2021, announced the implementation of a project that encourages the use of green hydrogen. The objective of the project is to reduce dependence on fossil fuels and focuses on de-carbonization. For this, a project has been launched with an estimated budget of around ₹19,744 crores that will create a boom in the production of green hydrogen. With the implementation of this project, the country is expected to witness a surge of investments worth Eight lakh crores rupees with the creation of Six lakh jobs and a cumulative reduction in fossil fuels imports worth Rs One lakh crore.