India has become the global leader in green hydrogen supply commitments, the government said on Thursday, announcing that offtake contracts signed by Indian companies have surpassed 5,55,610 metric tonnes per annum (MTPA) till October 2026, with aggregate investment exceeding Rs 90,000 crore (about $9.5 billion).
Source: IANS
New and Renewable Energy Minister Pralhad Joshi said Indian developers have secured 23 major contracts accumulating over 5.5 lakh MTPA in supply commitments, with over 70 per cent dedicated to global exports. “This massive milestone accelerates India's journey toward global net-zero leadership and green job creation,” Joshi said.
In 2026 alone, Indian companies signed 18 new offtake agreements for the supply of over 4 lakh MTPA of green hydrogen equivalent quantity, according to the official statement reported by IANS.
The government said Indian suppliers are offering the world's most competitive prices for green ammonia and green methanol, strengthening India's position in European and Japanese markets. Green ammonia is emerging as a clean bunkering fuel for the shipping sector and is also being used for ammonia co-firing in thermal power plants to cut carbon emissions, while green hydrogen derivatives are increasingly being adopted in fertiliser production and refining.
Among the notable contracts, ACME Group has signed an offtake agreement for the supply of 4,88,000 MTPA of green ammonia with IHI of Japan, and another agreement for the supply of 1,00,000 MTPA of green methanol to Mitsubishi Gas Chemical (MGC) of Japan, IANS reported.
The commitments amount to about 11 per cent of the National Green Hydrogen Mission's target of 5 million metric tonnes of annual production by 2030. The mission, approved in 2023 with an initial outlay of Rs 19,744 crore, aims to make India a global hub for the production, use and export of green hydrogen.