New Delhi, Nov. 4 -- With hydrogen prices declining faster than anticipated, India could see hydrogen becoming a viable alternative to natural gas within the next five to ten years, making this route central to the country's decarbonisation and global competitiveness goals, according to Union Steel Secretary Sandeep Poundrik.

Delivering a keynote address at CII Steel Summit 2025, Poundrik stated that the steel sector is at heart of India's sustainability journey focusing on decarbonisation through cleaner technologies. He further said that "DRI plus Hydrogen" route offers a promising pathway for green steel production.

Poundrik noted that there are significant opportunities for investments in the steel industry, driven by growing needs ...