Govt studies tariff cuts under efforts to spur green hydrogen
India is considering cuts to tariffs on imports of machinery needed to manufacture green hydrogen, as the nation pushes to become a major hub for the cleaner fuel.
Prime Minister Narendra Modi’s government is discussing a plan to exempt some equipment from import levies and to reduce goods and services tax on the fuel, which is currently set at 12%, according to people familiar with the details, who requested anonymity to discuss private deliberations.
The changes would cover both green hydrogen and green ammonia, though would only apply to production of fuel which is then exported rather than sold domestically, the people said. Green hydrogen is produced by using renewable energy to split the hydrogen and oxygen atoms in water.
India’s finance ministry and ministry of new and renewable energy didn’t immediately respond to requests for comment.
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