According to the company, hydrogen is an alternative to fossil fuels and can be helpful in reducing carbon emissions while providing huge potential as a clean source of energy.
The company has signed a memorandum of understanding (MoU) with Vari Energies Ltd and the DSE consortium to set up this unit, Steinbeis said in a release on Friday.
Vineet Goel, chief executive officer of the Steinbeis Center for Technology Transfer in India (Steinbeis), said an investment of Rs 1,500-2,000 crore will be made for setting up this production facility.
He said Steinbeis is taking an important step towards green hydrogen economy in India. This is in line with the vision of clean energy and the government in India.
He said that through this unit lakhs of people will get employment directly and indirectly. It can be installed in Gujarat or Maharashtra.