The much-anticipated booster shot of incentives from the Indian finance minister, Nirmala Sitaraman, has not happened. Her budget for the year 2022-23 is silent as a tomb on hydrogen.
The industry is bound to be disappointed, because, as outlined in an earlier blogpost in the blog, many analysts had suggested a bouquet of incentives for g-hydrogen--perhaps a 'production-linked incentives' scheme for electrolyzers.
The Business Line newspaper has argued that the budget missed a big opportunity by not giving incentives to electrolyzer manufacturing, where India is not behind other countries, and instead raising incentives to solar manufacture, where it is impossible for Indian manufacturers to compete against the Chinese.
Solar manufacture is a bus that India has already missed, there is no point in running after it, that too on crutches. Instead, the money could have gainfully been allocated to electrolyzer manufacture.
Clearly, the government has not thought this through and has given in to the solar lobby.
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