Gujarat plans to establish a manufacturing capacity of 8 MTPA in the next 10 to 12 years, according to state Industries Minister Balwantsinh Rajput, in order to become the global hub for green hydrogen. Rajput stated that Gujarat will be a driving force in India's economic development while addressing a plenary session on "Gujarat's G20 Connect" as part of the Business 20 India Inception Meeting.
Gujarat wants to have a $500 billion economy by 2026–2027, and a $1 trillion economy by 2030–1932, he stated. According to Rajput, Gujarat wants to put a specific emphasis on long-term plans and environmentally friendly production techniques for the next generation. "We want to produce 8 MTPA (million tonnes per annum) of green hydrogen in the next 10 to 12 years, making us a global hub for the fuel. The development of green production in the energy-intensive industries of fertilisers, steel, chemicals, and petroleum will
be accelerated by this "said. Rajput said Gujarat has been at the forefront to frame policies to save the environment and promote development. The state is emphasising on developing production of electric vehicles, batteries, green hydrogen and green production processes etc, he said.
"In Kutch, we recently constructed a 30 GW hybrid park. Gujarat has enough space to support the production of renewable energy, green hydrogen, and green ammonium "Rajput, who also oversees rural industries, cottage, khadi, and MSME portfolios, added. He claimed that by setting up charging station operators and providing financial incentives to the final customers, the state had established an electric vehicle (EV) value chain. "Through new rules that help entrepreneurs lower their investment risk, the Gujarati government supports the development of jobs. Gujarat is establishing an ecosystem to support businesspeople. More than 8,000 startups exist. Gujarat was the first state to introduce a start-up policy in 2015, "Rajput added.
Gujarat Minister of Finance, Energy and Petrochemicals Kanu Desai told the gathering the state has worked towards "holistic development of women" by allocating around 35 per cent of the state budget every year towards the "gender budget".
"Gujarat is making sure that every hamlet has access to digital connectivity, which will guarantee that the advantages of various government programmes are accessible all the way to the end user. As a result, efficiency and transparency have been improved "added he. According to him, Gujarat International Finance Tec-City (GIFT City) has become India's new financial gateway under the leadership of Prime Minister Narendra Modi, fostering innovation in the financial services industry.