The inauguration also
witnessed the presence of Secretary, Ministry of Steel Nagendra Nath Sinha,
Managing Director (Jindal Stainless Limited), Abhyuday Jindal, Founder, Hygenco
Amit Bansal, and other officials of the Ministry of Steel.
The Minister mentioned that India’s rich history of
environmentalism, deeply embedded in traditions and practices, is now being
revitalized through modern strategies. The country is making significant strides in
tackling climate change with initiatives like the Panchamrit (fivefold strategy
to fight climate change) and Mission LiFE (a worldwide effort dedicated to
supporting eco-friendly lifestyle and protecting the environment), showcasing a
holistic approach to development that balances both nature and human prosperity.
“As a government we are encouraging companies, citizens, and state governments
to focus on “green growth” and “green jobs” to achieve the target of net zero
carbon emission by 2070.
The Minister also
highlighted India’s progress in the steel sector, evolving from a net importer
to a net exporter and aiming to become the world’s largest producer of crude
steel. One key initiative in this journey is the National Green Hydrogen
Mission (NGHM), launched last year with an outlay of around ₹20,000 crore with
an aim to make India a Global Hub for production, usage and export of Green
Hydrogen and its derivatives. The Mission is also supporting pilot projects in
the steel sector with a budget of around ₹500 crore until FY 2029-30.
The Minister highlighted the government’s readiness
to initiate robust national green policies, 13 task forces to identify action points for each
aspect of green steel production, and implementation of Steel Scrap Recycling
Policy for enhancing the availability of domestically generated scrap.
It will be the world’s first off-grid Green
Hydrogen plant for the stainless-steel industry and the world’s first Green
Hydrogen plant with rooftop & floating solar. This project is also a state-of-the-art green
hydrogen facility with a target to reduce carbon emissions considerably by
around 2,700 Metric Tonnes per annum and 54,000 tons of CO2 emissions over next
two decades.
Tags: Green Hydrogen, Jindal Steel, Plant