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India has secured green hydrogen offtake commitments of 555,610 metric tonnes per annum (MTPA) as of October 2026, according to the Ministry of New and Renewable Energy. The agreements strengthen India’s position in the emerging global market for low-carbon fuels. They also highlight growing demand for cleaner industrial energy and alternative shipping fuels.

The government said Indian companies signed 18 new offtake agreements in 2026, covering more than 400,000 MTPA of green hydrogen-equivalent products. Since the National Green Hydrogen Mission began in 2023, companies have signed 23 contracts. More than 70% of the committed volumes are earmarked for export markets.

Green Hydrogen Investment Could Exceed ₹90,000 Crore

The government estimates that fulfilling the commitments will require investment exceeding ₹90,000 crore, or about $9.5 billion. The projects could support production facilities, renewable electricity supply, storage and transport infrastructure.

India approved its National Green Hydrogen Mission with an initial outlay of ₹19,744 crore through the 2029-30 financial year. Its 2030 target is to produce at least 5 million metric tonnes of green hydrogen annually.

The mission also targets 125 gigawatts of additional renewable energy capacity, more than ₹8 lakh crore in total investment and the creation of over 600,000 jobs. These are projected outcomes, not confirmed achievements.

Japan And Europe Drive Export Agreements

Indian companies have signed agreements with buyers in Japan, Germany and South Korea. ACME Group has an agreement with Japan’s IHI for 488,000 MTPA of green ammonia. Reliance Industries has signed a long-term supply and purchase agreement with South Korea’s Samsung C&T, valued at more than $3 billion.

AM Green has secured a German purchase agreement through the H2Global auction mechanism. Deliveries are expected to begin in 2029. Other agreements involve European energy companies and Japanese power producers.

Green ammonia and green methanol can serve as lower-carbon alternatives in some industrial and maritime applications. Their climate benefits depend on production methods, electricity sources and the wider supply chain.