New Delhi, Nov 4
With hydrogen prices declining faster than anticipated, India could see hydrogen become a viable alternative to natural gas within the next five to ten years, making this route central to our decarbonisation and global competitiveness goals, a top Government official said on Tuesday.
He highlighted that there are significant opportunities for investments in the steel industry, driven by growing needs from sectors such as defence, space, automotive and power – all of which are expanding rapidly and increasing demand for high-grade steel products.
He underlined that the government was creating a level playing field through Quality Control Orders (QCOs) to ensure that both domestic and foreign producers meet the same quality benchmarks.