The International Financial Services Centre (IFSC) has signed MoUs with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to develop a mechanism for global hydrogen trading at GIFT city. This initiative, anticipated to be the second of its kind worldwide, positions GIFT city as a leader in the growing green hydrogen sector. An essential component of this partnership involves the subsequent introduction of the global hydrogen price index, a standard that will have a crucial role in determining prices and providing market information for the rapidly expanding green hydrogen market in India.
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