Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

MoU Signed To Develop Mechanism For Global Hydrogen Trading In Gift City

editor by editor
January 17, 2024
in News
Reading Time: 1 min read
0
MoU Signed
Share on FacebookShare on TwitterShare on Linkedin

The International Financial Services Centre (IFSC) at Gift City has entered into a strategic collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC) to establish a Global Hydrogen Trading Mechanism.

This initiative, set to be the second of its kind globally, places Gift City at the forefront of the emerging green hydrogen economy.

RELATED POSTS

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

A key aspect of this collaboration is the subsequent launch of the Global Hydrogen Price Index, a benchmark that will play a pivotal role in price discovery and market information on the burgeoning green hydrogen market in India. This mechanism is expected to enhance transparency, boost investor confidence, and facilitate the growth of the green hydrogen market on a global scale.

Gift City SEZ is a notified International Financial Services Centre in India. Currently, banking, insurance, capital markets, asset management, and FinTech verticals, among others, are operational in Gift City IFSC.

Gift City is billed as a world-class business district envisaged and built to cater to global and domestic business enterprises. It aims to set an international benchmark for finance and technology hubs worldwide.

Furthermore, commodities such as gold and silver are largely traded through India International Bullion Exchange. The objective of Gift IFSC is to develop and promote trading of global securities including commodities and create a leadership in deriving price for such globally traded commodities.

GSPC jointly with Indian Gas Exchange will develop mechanism to create index for Hydrogen and attract global institutions to trade in Gift IFSC.

The Memorandum of Understanding (MoU) signing ceremony took place on Friday in the presence of Gujarat Chief Minister Bhupendra Patel, Rajesh K. Mediratta, CEO-IGX, Sandip Shah, Head – IFSC Department, Gift City and Milind Torawane, MD-GSPC were also present during the MoU signing ceremony. (ANI)

Tags: ANIFinTechGSPCHydrogenIFSCIGXIndian GasInternational Financial ServicesMoU
ShareTweetShare
editor

editor

Related Posts

Hype Studio Partners

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

by Palak
September 4, 2025
0

New Delhi – The Hype Studio, an elite communications and PR consultancy known for its tailored, insight-driven strategies, today announced...

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

by Palak
September 4, 2025
0

Mumbai, Maharashtra, India - Zaggle Prepaid Ocean Services Limited (Zaggle) announced a partnership with Standard Chartered Bank. Under the partnership,...

JSW Energy

JSW Steel Awards Repeat 220kV Cable Project to Sharika Enterprises at Dolvi

by Palak
September 3, 2025
0

New Delhi : Sharika Enterprises Limited (SEL) has announced that it has secured a repeat order from JSW Steel Limited for...

Delta SEMICON

Delta Showcases Advanced Automation at SEMICON India 2025

by Palak
September 3, 2025
0

New Delhi – Delta unveiled a comprehensive portfolio of next-generation innovations at SEMICON India 2025, inaugurated by the Hon’ble Prime Minister...

Greenzo Energy

Greenzo Energy Bags Order for Electrolyser Plant in Odisha

by Palak
September 2, 2025
0

Greenzo Energy India Limited has secured an order from Jindal Stainless Limited (JSL) to set up an advanced electrolyser-based green...

Next Post
thermal power plant

JSW commissions Unit-1 (350 MW) of Ind-Barath thermal power plant

BHEL thermal power

BHEL receives order for 2,400 MW thermal power project in Odisha

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Shweta Solar

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

September 5, 2025
Powering India's Future

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

September 5, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

UAE Energy Undersecretary Visits Tellus Power Globe Holding’s Hong Kong Office

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

What’s Holding Back the EV Battery Revolution?

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved