KfW CEO Roundtable - Green Hydrogen and its Financing in India
Since the launch of India’s National Green Hydrogen Mission in 2023, the ramp-up of the green hydrogen (GH2) sector has gained significant momentum. Several industrial-scale projects are now in advanced stages of preparation and nearing final investment decisions.
As one of the world’s leading promotional banks, KfW Banking Group - through its entities KfW Development Bank, DEG, and IPEX - has committed over EUR 25 billion in financing to India, supporting projects that enhance economic, social, and environmental well-being.
Recognising the critical role of green hydrogen in decarbonising India's industry, KfW is striving to support the National Green Hydrogen Mission. In this context, at a recent Roundtable in Delhi on 21 August 2025, hosted during the visit of Mr. Stefan Wintels, CEO of KfW, the bank brought together numerous CEOs and decisions-makers of private companies, stakeholder platforms as well as representatives from the Government of India, German Embassy, and the Indo-German Chamber of Commerce, to discuss the progress, challenges, and opportunities in India’s GH2 market. The roundtable was moderated by Mr. Anirban Kundu, Co-Director, Indo-German Energy Forum Support Office, with discussions conducted under the Chatham House Rule to encourage open and candid exchange.
In India, ambitious targets of 5 million tonnes annual production by 2030 are driving project development, with competitive pricing already visible in recent green ammonia tenders. KfW supports India’s GH2 ramp-up through the PtX Development Fund, which provides up to €30 million in viability gap funding per industrial-scale GH2 project across seven partner countries, including India. It also supports private sector financing via Indian banks, and direct funding for large GH2 hubs.
The event was successful, fostering meaningful dialogue and strengthening collaboration between public and private sector stakeholders.
In a related development on the same day, KfW signed a EUR 150 million loan with Power Finance Corporation Ltd. (PFC) to improve operational efficiency under the Revamped Distribution Sector Scheme, highlighting the strong India-Germany energy partnership.
