For the fiscal year 2023-24, Goa would create a Green Hydrogen pilot project and ammonia generation, the state’s Chief Minister announced while presenting the Budget.
The state government would build research and development centers focused on green hydrogen and its uses in collaboration with leading technological institutes such as IIT Goa.
The state’s budget was 268.4 billion ($3.2 billion). It comprises a $10 billion ($121.6 million) investment in green manufacturing, which would assist create over 10,000 jobs for Goa youth by 2028.
According to the Chief Minister, the state would create a solar energy-producing capacity of up to 300 MW. By encouraging investments in green technology, the state administration hopes to make Goa the country’s carbon credit capital.
In addition, the budget suggested a 20% incentive to encourage the building of renewable biogas plants.
Some proposals include for the state to revive the electric vehicle subsidy program with a budget of $250 million ($3 million).
The Goa government issued the proposed ‘Goa Electric Mobility Promotion Policy, 2021′ in July 2021.
The budget also proposed putting solar power plants ranging from 25 to 30 MW on all government buildings, stadiums and sports complexes, market complexes, and educational institutions.
To meet the state’s sustainability goals, the state would announce the development of the Green Goa Policy 2023.
The budget proposed a new initiative to supply farmers and fishermen with solar dryers to aid in the drying of paddy and fish stock.
Furthermore, under the public-private partnership model, the state will develop a biomass briquette plant with a capacity of 40 tonnes per day. The plant is expected to cost $75 million ($911,874) to build.
Union Finance Minister Nirmala Sitharaman recommended the installation of 4,000 new solar agricultural pumps in the fiscal year 2023-24 earlier this month when presenting the budget for the union territory of Jammu and Kashmir. She also stated that the budget would include funds to replace 5,000 existing conventional farm pumps with solar pumps through the PM-KUSUM initiative.