New Delhi [ India ], September 25 (ANI): India is progressing steadily towards building a robust green hydrogen market, supported by policy direction, growing investment interest, and early price discovery, Rajesh Kumar Mediratta, Managing Director and CEO of India n Gas Exchange (IGX), said on Thursday.
"When a new segment or new commodity is coming into the system, the first thing that happens is that you need investments in the sector and that comes only through long-term contracts. So this is what the process started," he said on the sidelines of the World Hydrogen India Summit in New Delhi.
Mediratta outlined the natural evolution of commodity markets, stressing that hydrogen will follow a similar trajectory.
He said that those contracts are being initiated, some demand is