ICCK

The Indian Chamber of Commerce in Korea (ICCK) attended in a seminar titled "ROK-INDIA Green Hydrogen Seminar: Green Hydrogen Revitalization and Mutual Cooperation," jointly organized by the Korea Chamber of Commerce and Industry, the Sustainable Projects Development Association (SPDA) of India, and supported by the Embassy of India in Korea and Solution for Our Climate. The event took place at the Lotte Hotel Seoul on February 21st, 2024.

The seminar began with the welcoming remarks by H.E. Amit Kumar, Ambassador of Indian Embassy in Korea and Mr. Young-Jun Cho, Director of Sustainable Management Institution, KCCI. The seminar facilitated networking and pitching sessions between officials from India's Ministry of New and Renewable Energy, renewable energy developers, and demanding companies from India and Korea. Renowned Indian renewable energy firms such as SPDA, Avaada Energy, Ocicor Energy, Torrent Power Limited, ACME, Hygenco Green Energies, and Welspun Group delivered company introductions and pitches during the event.

The seminar aimed to foster collaboration between Korean and Indian renewable energy companies for the development of the green hydrogen ecosystem. India, with its abundant renewable energy potential and emerging market growth, has garnered attention as a new energy supply hub. Under the comprehensive support of the government, India has embarked on a robust drive to adopt green hydrogen as a cornerstone of its energy security vision, setting ambitious goals to produce 5 million tons of green hydrogen annually by 2030, with a $24 billion investment.

Korean companies, recognizing India as a prospective hydrogen supply network, have been formulating entry strategies, with participation from numerous domestic firms. There is also anticipation of hydrogen penetration into the steel industry. The designated discussion theme, "Potential for bilateral partnership on green hydrogen value chain- with a focus on production and utilization," led to panel discussions among hydrogen industry specialists including Mr. Ki Dong Kim from Deloitte Consulting, Mr. Jin Nam Park from Korea Energy Technology Evaluation and Planning, Mr. Kwangmin An from Korea Gas Corporation, Mr. Jungdong Ahn from LtechUVS, and Yonghee Won from LS Cables and Systems, addressing the current state and future direction of green hydrogen.

The seminar concluded successfully with networking sessions, fostering further collaboration opportunities between Korean and Indian stakeholders.