financial aid

Dr Jitendra Singh said the hydrogen startup funding is in tune with Prime Minister Narendra Modi’s vision of National Hydrogen Mission (NHM) launched on India’s 75th Independence Day

Dr Jitendra Singh, Union Minister of State Science & Technology on Friday announced financial aid of Rs 3.29 crore to a hydrogen startup from Maharashtra for indigenous development of hydrogen sensing and analysis technology.

He said the hydrogen startup funding is in tune with Prime Minister Narendra Modi’s vision of National Hydrogen Mission (NHM) launched on India’s 75th Independence Day, last year from ramparts of the Red Fort.

The NHM aims to aid the government in meeting its climate targets and making India a green hydrogen hub. This will help in meeting the target of production of 5 million tonnes of green hydrogen by 2030 and the related development of renewable energy capacity, the Minister added.

Singh presided over the signing of an MoU between Technology Development Board under DST and M/s Multi Nano Sense Technologies Private Limited, Maharashtra to support the manufacturing of Hydrogen sensors indigenously.

Rajesh Kumar Pathak, IP&TAFS, Secretary, TDB said that, “The target of net-zero emissions by 2070, as said by Hon’ble PM at COP26 Summit, Glasgow, can be achieved by promoting alternative energy resources. Hydrogen is one such resource which requires indigenous ecosystem development including safety & security during its usage. As an initial step in this direction, TDB is supporting startup ‘M/s Multi Nano Sense’ for development and production of highly advanced leakage detection sensors to detect hydrogen leakage, and to enhance safety and security of the systems”