Mumbai, March 18 -- Reliance Industries' $3 billion deal to sell green ammonia to South Korea's Samsung C&T Corporation takes India closer to its aspiration of becoming a green hydrogen hub, but more such deals and policy push would be needed for the country to meet its green hydrogen targets, experts said.
The 15-year agreement, starting in October 2028, is one of the largest such export deals signed by an Indian company and calms investor nerves at a time when many countries are scaling back their green fuel targets.
Yet, as per an industry body estimate, India so far has visibility on just 13% of its target to produce 5 million tonnes of green hydrogen annually by 2030 under the National Green Hydrogen Mission.
Reliance did not disc...
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