Global Hydrogen Price Index

The International Financial Services Centre (IFSC) at GIFT City in Gandhinagar announced a new collaboration with the Indian Gas Exchange (IGX) and Gujarat State Petroleum Corporation (GSPC). The goal is to jointly develop a Global Hydrogen Price Index.

Developing a Global Hydrogen Trading Platform

GSPC, in conjunction with IGX, will create a platform to enable global institutions to trade hydrogen contracts and derivatives within the GIFT City Special Economic Zone (SEZ). GIFT City is an International Financial Services Centre (IFSC) in India with existing capabilities across banking, capital markets, and other financial verticals.

Objectives of the New Benchmark

Global Hydrogen Price Index is a benchmark that will enable price discovery and provide key market information to support the growing green hydrogen industry in India.

The new mechanism aims to boost transparency and investor confidence in the emerging hydrogen market. By facilitating reliable price indexing and trading avenues, it can help attract greater global capital inflows into India’s green hydrogen sector.

About GIFT IFSC

The GIFT International Financial Services Centre (GIFT IFSC) is a financial hub and special economic zone established in 2015 in GIFT City, Gujarat. Spanning 106 hectares, it aims to provide world-class infrastructure and services to financial institutions in banking, insurance, capital markets and asset management. GIFT IFSC operates as an international finance center regulated by the International Financial Services Centres Authority. Since its launch, it has emerged as a nerve center for global banking, markets and insurance in India.

Commodities Trading at GIFT IFSC

Currently, commodities like gold and silver are largely traded on the India International Bullion Exchange situated in GIFT IFSC. The overarching goal is to position GIFT IFSC as a price discovery hub for various globally traded commodities


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