India Can Be A Top Green Hydrogen Producer, Says World Bank Country Director Auguste Tano Kouame
Summary
TLDRIn this special broadcast, World Bank Country Director for India, Aust K. Deukhuri, discusses India's energy transition and the bank's support for the green hydrogen mission. The first $1.5 billion loan has spurred demand and regulations for green hydrogen production, and the second loan aims to further stimulate private investment and renewable energy integration. With the government targeting $100 billion in private investment, Deukhuri highlights India's potential to lead in green hydrogen production for domestic use and exports, emphasizing the importance of adapting to climate change and investing in mitigation for economic sustainability and global market access.
Takeaways
- 📈 The focus is on India's energy transition, with new reforms and investments to be highlighted.
- 🌍 The World Bank has announced a second loan to support India's green hydrogen mission.
- 🇮🇳 The first loan of $1.5 billion, announced in June 2023, has shown satisfactory progress.
- 🧪 The loan has stimulated demand for green hydrogen in fertilizers and refineries.
- 💡 Progress includes regulations for safe production and steps towards research and development.
- ⚡ The first loan has also encouraged investments in the renewable energy sector.
- 🔋 The second loan aims to support further green hydrogen production and broader renewable energy goals.
- 🛠️ The World Bank's financing focuses on supporting policies and regulations rather than direct project activities.
- 💰 The Indian government aims to mobilize up to $100 billion in private investment for green hydrogen.
- 🌱 There is significant interest from the private sector, with commitments reaching up to $70 billion already.
Q & A
What is the focus of the special broadcast?
-The focus of the special broadcast is on India's energy transition and the new reforms and investments the government is implementing, particularly with regard to the World Bank's second loan for India's green hydrogen mission.
Who is the guest on the program and what is his role?
-The guest on the program is Auguste Tano Kouame, the World Bank Country Director for India.
What was the purpose of the first development policy loan announced in June 2023?
-The first development policy loan, amounting to $1.5 billion, was aimed at supporting the implementation of India's national green hydrogen mission, issued in January 2023.
What progress has been made with the first development policy loan?
-The progress has been satisfactory, with the government moving quickly to stimulate demand in areas like fertilizers and refineries, implementing regulations for the safety of green hydrogen production, and promoting research and development to stimulate private investment.
How does the World Bank's development policy loan mechanism work?
-The development policy loan provides financing for efforts already made, rather than funding direct activities. It supports the government's budget and policies aimed at broader development objectives.
What are the goals for the second development policy loan?
-The second development policy loan, also $1.5 billion, aims to continue stimulating green hydrogen production and consumption, encourage renewable energy integration, and support the broader economic goals of the Indian government.
What is the Indian government's target for private investment in green hydrogen?
-The Indian government aims to mobilize up to $100 billion in private investment for green hydrogen as part of its national green hydrogen mission.
What level of private sector interest has been seen so far in green hydrogen investment?
-There has been significant private sector interest, with commitments amounting to approximately $70 billion in green hydrogen production and electrolyzer production.
How will the World Bank support renewable energy penetration in India?
-The World Bank will support reforms to incentivize battery energy storage solutions, amend the Indian electricity grid code to improve renewable energy integration, and reduce transmission costs for private producers.
What are the potential benefits for India in focusing on energy transition and climate action?
-Focusing on energy transition and climate action will protect India's economic gains, create jobs, showcase leadership in global climate initiatives, and ensure access to international markets by reducing carbon emissions.
Outlines
🌿 World Bank's Support for India's Green Hydrogen Mission
The World Bank is supporting India's energy transition with the NDA 3.0 government focusing on green hydrogen. The bank has announced a second loan for India's green hydrogen initiative, following a $1.5 billion loan in June 2023. The progress on the first loan has been impressive, with the Indian government stimulating demand for green hydrogen in sectors like fertilizers and refineries and establishing regulations for its safe production. The World Bank's role extends beyond green hydrogen to encouraging investment in renewable energy sectors like solar and wind, which are essential for green hydrogen production. The second loan aims to continue this momentum, supporting the government's efforts to mobilize private investment and reduce costs for research and development, as well as electrolyzer production.
💼 Financing and Policy Goals of the Second Loan
The second loan from the World Bank, also valued at $1.5 billion, is intended to support the Indian government's budget and policies rather than directly financing specific activities. The goals of this loan are structured around three main objectives: stimulating green hydrogen production and consumption, supporting broader renewable energy goals, and ensuring stable macroeconomic financing for the government. The loan aims to encourage private sector investment in green hydrogen, facilitate the connection between renewable energy production and green hydrogen, and foster the development of a carbon market. It also seeks to provide affordable, long-term financing for India's broader development strategy.
📈 Private Sector Interest and Investment in Green Hydrogen
The World Bank has observed a high level of interest from the private sector in investing in India's green hydrogen ecosystem. The government's target of $100 billion in investments for the green hydrogen mission has been met with significant interest, potentially exceeding the target. The World Bank estimates that there is already a commitment of up to $70 billion from the private sector for green hydrogen production and electrolyzer manufacturing. This rapid commitment suggests that the government's mission objectives could be not only met but surpassed, highlighting the effectiveness of government reforms and incentives in driving private investment.
🚀 India's Potential as a Global Leader in Green Hydrogen Production
India has the potential to become a major global producer of green hydrogen, driven by its large domestic market and the need for decarbonization in sectors such as steel, construction, and transport. The country's green hydrogen production could also be exported to meet international demand, particularly from European countries interested in importing green hydrogen. The World Bank is supporting policy reforms to improve renewable energy integration into the grid, incentivize battery energy storage solutions, and reduce transmission costs for private producers. These reforms are expected to enhance the production of renewable energy, which is crucial for the green hydrogen sector.
🌐 The Importance of Energy Transition for India's Economic Growth
The conversation with the World Bank's country director for India, AUST Kuame, highlights the importance of energy transition for India's economic growth and global competitiveness. The new government is encouraged to continue facilitating private sector investment in renewable energy and green hydrogen by addressing challenges such as land access, back purchase agreements, and skill development. The World Bank emphasizes the need for conflict resolution mechanisms and labor market flexibility to attract investment. The energy transition is seen as an opportunity to create jobs, particularly in renewable energy sectors, and to demonstrate India's leadership in addressing climate change.
⚠️ Climate Action and Its Economic Implications for India
The World Bank underscores the urgency of climate action for India, warning of the severe consequences of inaction, such as climate crises manifesting as flooding, water scarcity, and other natural disasters. The bank advises India to focus on adaptation and resilience to protect its people and infrastructure from the impacts of climate change. It also stresses the importance of mitigation efforts to reduce greenhouse gas emissions, which align with global objectives and can safeguard India's economic interests, especially in the context of the European Union's carbon border adjustment mechanism. Investing in mitigation can also create jobs and demonstrate India's leadership in climate action.
📺 Conclusion of the Special Broadcast on India's Green Hydrogen Mission
The special broadcast concludes with a discussion on India's green hydrogen mission and the World Bank's support for the country's energy transition. AUST Kuame, the World Bank's country director for India, shares insights on the progress made and the potential for India to lead in green hydrogen production. The conversation also touches on the broader economic and environmental benefits of India's focus on renewable energy and climate action, emphasizing the importance of continued support and investment in these areas.
Mindmap
Keywords
💡NDA 3.0
💡Green Hydrogen Mission
💡World Bank
💡Development Policy Loan
💡Renewable Energy
💡Electrolyzer
💡Private Investment
💡Carbon Border Adjustment Mechanism (CBAM)
💡Renewable Energy Integration
💡Battery Energy Storage
💡Macroeconomic Framework
Highlights
The World Bank announced the second loan for India's green hydrogen mission, supporting the country's energy transition.
The first development policy loan of $1.5 billion, announced in June 2023, has shown impressive progress in stimulating demand in areas such as fertilizers and refineries.
The initial steps have included putting in place regulations for the safety of green hydrogen production and electrolyzer manufacturing.
The first operation has also stimulated the broader renewable energy sector, essential for green hydrogen production.
The second development policy loan, also $1.5 billion, aims to further support India's green hydrogen and energy transition efforts.
The development policy loan provides financing into the government budget in support of broader policy objectives rather than direct activities.
The government's goal is to mobilize up to $100 billion in private investment for green hydrogen as part of its mission.
The second loan will support continued bulk purchase agreements for green hydrogen in sectors like fertilizers and refineries.
Efforts are being made to encourage renewable energy production, including solar and wind, to support green hydrogen production.
The World Bank is also encouraging the development of carbon markets and green bonds to support renewable energy financing.
Private sector interest in green hydrogen investment is high, with estimates suggesting potential investments up to $70 billion.
India has a significant domestic market for green hydrogen, especially in energy-intensive sectors like steel, construction, and transport.
There is potential for India to become a major global producer and exporter of green hydrogen.
The policy loan will also support reforms to improve renewable energy integration into the grid, including incentivizing battery energy storage solutions.
The World Bank aims to ensure affordable and long-term financing to support India's broader development strategy and energy transition.
Transcripts
[Music]
hello and welcome to the special
broadcast with the NDA 3.0 taking over
the focus will be on India's energy
transition and to see what new reforms
and Investments the government is able
to bring in the world bank has announced
the second loan for India's green
hydrogen Mission how will the World Bank
support India's green hydrogen and
energy transition to talk about it all
is auste kuame who's joining us today
he's the World Bank country director for
India Aus thank you very much for
joining us here on the program first of
all I'd like to ask you about the
progress that you have made with the
First Development policy loan for
India's clean energy transition that you
had announced in June 2023 that was a
$1.5 billion loan what has been the
progress on that front thank you very
much par for this question well the
first loan came about as a uh an effort
to support the implementation of of the
national green hydrogen mission that was
issued by the government of India in
January
2023 so progress has been quite uh
satisfactory and perhaps even impressive
because uh already uh the government has
moved quite fast to stimulate uh demand
in areas such as fertilizers and
refineries uh under the first uh
operations that we uh approved that our
B approved in June
2023 and we have also worked with the
government to start putting in place uh
regulations to ensure safety of
production of green hydrogen production
of electrolyzers we've also made some
steps uh to uh come up with u uh actions
for research and development on the
government side that will later
stimulate private investment U so some
progress have been made and I should say
Beyond green hydrogen per se the first
operation has also created some dynamism
in the whole renewable uh energy sector
because as you know uh green hydrogen
depends on renewable energy such as
solar or wind so the first operation has
helped encourage investment in those
sectors by uh removing the cost or some
of the fees that producers will pay to
connect their uh wind or
or solar energy to the GD so that this
can feed into the production of green
hydrogen U so these are initial steps
and it is not sufficient that why the
second operation becomes necessary and
uh and even the second operation may not
be the last uh effort on the part of the
World Bank to support the development of
green hydrogen in in India because it is
a long-term effort the government is
aiming to mobilize up to 100 billion in
private investment
for green hydrogen alone as part of this
Mission so it will take a few years it
will take a few years so $1.5 billion
was the first development policy loan
for green hydrogen uh has that been
fully utilized and what is the latest
round of funding or the development loan
that you're announcing so the way the uh
development policy loan works is that it
provides financing for effort already
made and it doesn't necessarily Finance
Direct activities so yes it has been
utilized because it was part of uh the
government of India's budget that uh for
the fiscal year that closed in March so
it has been uh utilized this is our
assumption uh and the next um operation
hopefully will uh be part of the current
budget cycle and hopefully it will be
utilized also for supporting the
government effort you know to uh to do
what it uh it had plan to do Under the
national green hydrogen mission to
stimulate private investment and also
provide initial funding uh to reduce the
cost uh for research and development as
well as for production of electrolyzers
and actual production of green hydrogen
right so this the second development
policy loan is for $1.5 billion uh how
is this going to be utilized and uh
what's going to be the strategy behind
deploying this fund so as I said you
know maybe we need to uh explain a bit
how the World Bank financing instruments
work um what we're talking about here is
a development policy loan as opposed to
an investment policy financing or an
investment project financing rather if
it were an investment project financing
we would have been financing direct
input or activities under the project
for a development policy loan we do not
Finance direct activities under the
project we provide
financing into the government budget in
support of a number of policies and
regulations that the government will put
in place for a bigger objective a bigger
development objective so with the the
utilization the the connection between
the fund and the actual activities under
the development policy financing is not
as as watertight as it is under
investment investment project financing
so utilization is you know part of the
broader government budget right any
goals that you have set as part of the
second loan uh yes the goals are very
clear both in terms of um uh direct
policies which we call prior actions to
support the green hydrogen development
as well as in terms of supporting the
broader uh goal of of supporting the
economy and and stabilizing the the the
the financing the over financing of of
the government so the goals for the
policies are they in three
buckets first bucket is to stimulate uh
green hydrogen uh production and
consumption uh and under that uh we have
agreement uh for the government to take
actions to again as I said to continue
encouraging the uh bulk purchase of
green hydrogen for fertilizer and for um
um for refineries and maybe some for
some other uh sectors that will give
encouragement to the private sector to
invest because they will know that their
output will be purchased and uh the
government will also uh uh increasingly
encourage other hard toate uh sectors uh
to do
likewise um and um under the broader uh
renewable energy we also continuing to
encourage uh the connection between
between um production of of of of of um
uh solar as well as wind and hopefully
perhaps even floating solar uh as input
for green hydrogen so that the green
hydrogen doesn't
become the AL so there is enough
renewable energy for green hydrogen as
well as for other use in uh in in the
economy and we continue to encourage uh
the development of of uh financing um
for or renewable more broadly so um
we're looking at under this operation to
encourage the emergence of carbon Market
you or or development of carbon Market
um we encourage we we continue to ensure
that um when private sector wants to
invest in green Bond there is a
framework for it there is a taxonomy um
for it so these are some of the policy
goals under the operation right and uh
and and then as I said as broadly put
this operation also fits into the
government's broader effort to stimulate
growth through uh a stable macroeconomic
framework um so uh it is also one of the
goals to ensure that the government
financing uh is sourced in a way that is
not too costly and our loans are not
costly they're long-term so they provide
you know affordable financing as well as
long-term financing to the government of
India for more a broader uh development
strategy AUST I would also like to ask
you about uh the level of Investments
that you've seen so far the government
has set itself a target of hundred
billion in investments in the green
hydrogen ecosystem uh through the
mission plan uh what has been the level
of interest that you've seen well we've
seen a high level of Interest
surprisingly um and the interest we've
seen suggests that in fact the
government objective of 100 billion
might well be exceeded when it's all
said and done uh
because already we seeing uh that based
on our EST our estimate there is
interest from the private sector to
invest up to 70 billion already in um um
green hydrogen production and in
electroly production and this 70 billion
has come very 70 billion interest or
announcement or commitment has come very
very fast and in the coming years you
will see more announcement uh coming up
and I'm very confident that the 100
billion uh Target will be achieved and
perhaps um exceeded and this is nothing
new really um in India um where a small
uh investment on the part of the
government accompanied by a good package
of reforms regulations and and
incentives have generated so much
private investment if we take the
example of uh the solar Parks uh you
know at our level at the World Bank
level we provided a loan of 70 million
to the government of in to the various
States and that 70 million loan
generated 4.2 billion wor of private
investment in the Solar Parks the case
of Rea which I mentioned earlier uh the
loan to rea the public sector um sourced
World bank loan to R was only 17 million
17 and that generated more than half a
billion meaning 30 times uh the in the
size uh of the initial Loan in the form
of private investment so uh the national
green hydrogen Mission which is a 2.4
billion government program will generate
uh a lot of private investment and
probably u a lot more so uh it's we very
encouraged that uh already 70 billion uh
worth of private investment have been
announced based on our calculation so
you feel that when it comes to uh
production of green hydrogen deploying
green hydrogen for the use in uh
manufacturing and even exports India
could take the lead
globally uh yes India could be one of
the biggest producers of uh green
hydrogen for uh initially for domestic
consumption because India has a big
Market already there are a number of
sectors that are very dependent on
energy consumption such as steel uh even
construction transport uh those sectors
will need to decarbonize especially if
they want to export uh their output
because with cbam with the carbon border
adjustment mechanism mechanism of the EU
if those sectors don't decarbonize they
will not be able to break into the
European market or other uh foreign
market or they may not be able to to
increase their market shares so those
sectors will consume a lot of green
hydrogen which India will produce and
then there will also be a an opportunity
to export green hydrogen produced in
India to other countries and there there
is demand other countries we hear uh
that some European countries would like
to import green hydrogen from India so
whenever India is ready to export its
green hydrogen there will be a market
for it but I have to say you know it's
it's it's a win-win for India there is a
big domestic market and there is demand
for its its green hydrogen by other
countries so what need to take place now
is you know expand production expand
production uh the the statement by the
World Bank also said that the the policy
loan will also support reforms on
renewable energy penetration by for
instance incentivizing battery energy
storage solutions and amending the
Indian electricity grid code to improve
renewable energy integration into the
grid uh give us a sense of how these
reforms or the changes will be supported
how the World Bank will be steering
these reforms along with the Indian
government so uh on grid integration for
example uh you know if you were to
produce um renewable energy wind or
solar somewhere uh you know you in you
put up your investment you produce and
then you need to sell it to the grid um
and often time it's easier said than
done because you need to transport it to
the grid and to transport it to the grid
sometimes you pay transportation fees
you pay transmission fees and sometimes
actually the connection the transmission
infrastructure is not there so what the
operation does is first to put in place
a framework for the government to invest
more in transmission uh uh
infrastructure but more importantly is
to also reduce the cost of transmission
by private producers uh paid by private
producers into uh uh into the GD so when
you produce your wind energy you would
pay less to transp it and add it to the
overall grid and there are policies that
are already in place which wave those
fees uh uh initially for a given period
of time uh say for you know up to 2026
and the operation would provide
incentive to the government to extend
that waiver period so that when you go
and produce your wind you know that for
a a long period of time you will be able
to uh connect it to the Grid at low cost
and that will increase the return on
your own investment so that's one
example of how the operation is helping
um the integration of uh renewable into
the grid and and this is important
because again green hydrogen means
higher consumption of renewable energy
and green hydrogen should not be the
only consumer of renewable energy there
are other ways other needs for renewable
energy so if you want to push up the
production of green hydrogen you need to
push up even more so the production of
renewable energy so that there is no
conflict between green hydrogen and
other uses of renewable energy so as
you're saying lot of investment
potential India's uh green energy
transition on that note we're taking a
short break but don't go anywhere this
conversation with World bank's country
director for India on India's green
hydrogen Mission and energy transition
continues on the other
[Music]
side welcome back you're watching CNBC
TV8 and we are in conversation with AUST
kuame World bank's country director for
India on India's green hydrogen Mission
and the latest uh loan that the World
Bank has announced for the country now
when it comes to production of green
hydrogen and electrolyzers uh is there a
Target that uh you're setting for the
next few years or maybe till
f26 we don't have Target other than the
targets that the government has set in
the national green hydrogen Mission we
are here to support the implementation
of the national green hydrogen Mission
and meet its Target so the government
has a Target of stimulating private
investment up to 100 billion in the
production of uh electrolyzers and the
actual production of green hydrogen the
government own contribution to that
would be you know about $2 billion but
that's to stimulate the private sector's
invest the goal is really the 100
billion and uh and hopefully this target
will be uh met our initial conversations
with the government uh is between the
two operations we have had a number of
conversations and and my sense is that
it could actually be exceeded right we
could exceed that goal of 100 billion uh
what people would like to ask you in
terms of catalyzing private sector
investment drawing in more Investments
because uh institutions like the World
Bank the government cannot bring in all
the money it has to come from the
private sector what more can be done by
this new government uh which has just
taken over a few days back what can be
done in terms of crowding in more
private Investments uh in the renewable
energy space in the green hydrogen
Mission well I think the government is
already uh doing a number of things if
we want to focus on green hydrogen I
think the first thing that you want a
government to do is to have a mission to
have a plan and that plan or was is
there is there 2023 I think there are a
number of other things that you'll want
the government to do uh more broadly to
stimulate uh private investment you know
there are actions for example in the
area of uh fac itting access to
land um you know if you want to
establish production of renewable energy
un need space uh and there are some good
examples including uh under some World
Bank financed project you know we have
the ri project example or the solar
Parks project which which was also part
of a mission the national solar Mission
under that mission we worked with the
government um to facilitate the
identification of land and
uh invest in shared infrastructure in
those plots uh to tell the private
sector look the basic infrastructure is
already there you're not going to
struggle to find the land and you know
put the pipes and it's already there all
you need to come is come with your boxes
and you start you build your plant build
your plant and you start producing the
second thing we did which uh with the
government is to uh come up with
mechanism for back purchase agreement
because when the sector produces they
they're not sure whether they'll be able
to sell their output especially new
sectors that are emerging so we agreed
with uh some big consumers uh in the
case of Rea in Madia Pradesh there was
an agreement with Delhi Metro to bulk
the to to BU purchase the output and
that helped private investors come in uh
the other thing that you will want the
government to do also to attract the
private sector more broadly and
specifically in the energy sector which
is skills you know when investors come
they want to make sure that they have
people to work in their factories uh
people who are skilled enough so there
is a need to invest more in skills more
in talent and where the skills and
talent are not available maybe you want
to make the labor market flexible enough
for investors to be able to import
workers from other state or perhaps from
elsewhere in the world then there are uh
the the issues of um you know how what
will happen if the investor has a
conflict with some other investors or
with um
some um some client so you want to have
a you know convey to the private sector
that there would be mechanism to resolve
conflict to to settle conflict quicker
really quicker uh so that they know what
will happen to their investment uh and
then a few other step but but the
government is is thinking about those
already um and has done a lot as I said
in in some of these areas uh and there
perhaps there few more things to do
right uh my final set of questions what
uh is the cost for a country like India
if we don't focus enough on energy
transition on climate action right now
we have been seeing a climate crisis and
that has been impacting Us in different
ways through flooding uh through uh
heavy water logging water scarcity so uh
any uh recommendations that you've
recently made to the government any
warning signs that you pick up well um
you know the good news is that when it
comes to climate no govern needs advice
anymore because we all know the issues
we all know that the crisis is upon us
it is a clear and present danger we
leave it every day so I would say the
two or three buckets of issues one is on
adaptation the climate change is up on
us it's going to actually get a bit
worse before it gets better so how do we
uh
protect people how do we protect
household how do we protect firms how do
we protect systems infrastructure and if
that protection doesn't happen we we
know what happen you lose a lot of lives
or a lot of asset so first message is is
what we call adaptation invest in
adaptation and resilience invest you
know really well uh knowing that this is
not a safe place this is not a safe
World by place I mean the the globe the
planet is no longer as comfortable as
easy to live as is used to so we need to
invest in protecting ourselves that's
adaptation and and it's you know in
India it means making shes uh the coast
safer
making uh uh you know air quality better
uh you know investing in improving all
these things that's adaptation and
resilience the second bucket is well you
know how do we act to
reduce uh the pace
of of of of
how do we
reduce our impact on climate in the
future how do we reduce the harm how do
we ensure that we don't put up more
greenhouse gases or more CO2 or more
methane out there which will make things
even worse so that's the bracket of
mitigation uh and for that uh the
challenge is what a country does
benefits others right it doesn't benefit
that country alone because the air has
no limit the space has noit what we
produce here the bad thing we put in a
in country a come to India and vice
versa so the what our advice is for a
country like India which is not one of
the biggest emitters at the moment if
you look at emission per capita uh
India's emission is uh level is quite
low India cons energy consumption is
just India's energy consumption per
capita is one3 of the global average M
and the emissions are below global
average per capita India is a big
country so if you add everything that
each of us living here in India produce
even though it is a small quantity per
person when we add it up it adds to a
big number uh because the population is
large and as the economy grows even
though the the
GDP you know emission per GDP is not
high because the GDP itself is large the
total emission is is quite significant
right so our advice is
India will have a role to play in
helping the world meet the global
mitigation objectives but that will also
help India why because as I mentioned
earlier the world is now every consumer
is paying more attention to what is the
CO2 content what is the carbon footprint
of what they're consuming the European
SE the carbon border adjustment
mechanism is telling us if you don't
reduce the emission content of your gdps
you're not going to have the global
market as your Marketplace it's going to
shut down on you and India big economy
will need to export so for India the
benefits of investing more in mitigation
is to protect the economic gains and be
able to continue be the powerful economy
that India will be you know very soon
and be able to export his Goods so that
it doesn't uh become too challenging and
and and so there are benefit there and
of course um uh there are additional
benefits such as you know creating jobs
uh India is a big economy and therefore
if India invest in renewable energy in
energy transition this will create jobs
because it is a growing area right to
create you know new jobs jobs that are
actually perhaps more inclusive than the
jobs in traditional
Industries uh because they're easier to
to do they require more Talent they can
be done from home you know so more
people can be can join the labor market
including women who can work more in
these new technologies than they would
have been able to work in hydroc carbon
for example okay and finally uh it will
also show India's leadership in in this
area and leadership in the world is an
intangible but it means a lot thank you
very much AUST guame for speaking to us
telling us about the green hydrogen
Mission and the second phase of support
from the World Bank for the India
government and also your projections for
the Indian economy thank you once again
for talking to us that's all we have
time for on this special broadcast thank
you for watching and goodbye
[Music]
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