The electrolyser maker’s bullish stance on manufacturing in India needs a reality check.
Ohmium International is betting big on India. In July, the California-headquartered maker of green hydrogen electrolysers opened a swanky Rs 2,000 crore (around $240 million) factory in Karnataka. This is already a major win for Prime Minister Narendra Modi’s “Make in India” dreams.
Uniquely, the five-year-old company has chosen India as its preferred manufacturing hub, drawn by the increasing government support, relatively cheap renewable energy and low labour costs. That’s no small matter. Ohmium now has one of the largest electrolyser production factories in the world, and it plans to double that capacity in the next two years.
"Ohmium was …
Azman writes on climate change, ESG, and how a warming world impacts businesses and people alike. Prior to The Morning Context, he led climate coverage at BloombergQuint, where he started his career as a desk writer.
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azman@mailtmc.com
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