Budget Reaction Quote | Mr. Vivek Bhide, Regional President, India, and Group Transformation Officer at John Cockerill

“The announcement of a National Manufacturing Mission presents an opportunity to establish a robust ecosystem for components such as electrolyzers and make India a hub for the exports of electrolyzers. The clean-tech industry could also benefit from the outlay of ?1.5 lakh crore towards 50-year interest-free loans for projects implemented in public-private partnership mode. Additionally, we welcome the proposed establishment of National Centres of Excellence for skilling, as it will bring in the global expertise and partnerships needed to equip India’s youth with the skills required for world-class manufacturing. Together, the aforesaid initiatives will greatly improve domestic value addition and help us make rapid progress towards the goals set out in the National Green Hydrogen Mission. This is of vital importance because green hydrogen holds tremendous potential for decarbonizing industries such as refining, shipping, steel, fertilizers, power generation, and chemicals.”