Headline: Green Hydrogen Valley Projects Approved

04 Jun 2024 CW Team

The Indian government has sanctioned a ?20 million fund to support Green Hydrogen Valley projects across four states, marking a significant step towards sustainable energy solutions. The initiative aims to promote the production and utilisation of green hydrogen, a clean fuel produced using renewable energy sources, which can play a crucial role in reducing carbon emissions and combating climate change.

These projects are part of India's broader strategy to enhance its renewable energy capacity and achieve its climate goals. The four states chosen for these projects are significant due to their existing infrastructure and potential for renewable energy generation. By focusing on green hydrogen, the government is looking to diversify its energy mix and reduce dependence on fossil fuels.

Green hydrogen is produced by electrolysis of water using electricity from renewable sources like wind, solar, and hydro power. It is considered one of the cleanest fuels available, as it emits only water vapour when used. This makes it an ideal candidate for sectors that are hard to decarbonise, such as heavy industry, transportation, and power generation.

The funding will be used to develop hydrogen production plants, establish storage facilities, and create distribution networks. This infrastructure is essential to support the large-scale adoption of green hydrogen and to make it economically viable. The government also aims to foster innovation and technological advancements in this field, encouraging private sector participation and investment.

The approval of these projects underscores India's commitment to its National Hydrogen Mission, which aims to make the country a global hub for green hydrogen production and export.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..