The five million tonnes production target is half of that of the European Union, which plans to produce 10 million tonnes of hydrogen from renewable energy by 2030. While green hydrogen is not currently made in India on a commercial scale, the country's richest men Mukesh Ambani and Gautam Adani have announced plans to produce it. India, with a population more than three times larger than the EU, has a much lower per capita energy consumption, but among the fastest rates of energy demand growth in the world. Mayank Bansal, chief commercial officer of ReNew Power, said the incentives announced by India could help lower cost of hydrogen manufacturing. "Currently, manufacturing green hydrogen is a costly proposition and in cognizance of this, the government has correctly waived off inter-state transmission charges," Bansal said in a statement.