| National Policy on Fertilizers | |||||||||||||||||||||||||||||||||||||||||||||
Urea is the only fertilizer under statutory price control and its import to bridge the gap between assessed demand and estimated indigenous production is made on Government account. The Government has notified the New Investment Policy 2012 on 2nd January, 2013 to facilitate fresh investment in urea sector and to reduce India’s import dependency. In response to New Investment Policy, 2012 the Department of Fertilizers have received 14 proposals, the details of which is as under:
The P&K fertilizers like DAP, various grades of complex fertilisers and SSP etc. are being produced in the country, however country is almost dependent on imports by way of imports of raw materials/intermediates or by way of imports of finished Phosphatic fertilizers. Government has taken initiatives to encourage indigenous production in P&K sector by reducing the custom duty on phosphoric acid to enable indigenous manufacturers of P&K fertilizers to procure this important input at reasonable price. Government is also encouraging private sector and public sector companies to explore the possibilities for joint ventures abroad to ensure uninterrupted supply of fertilizer inputs to P&K sector. There are no exploitable reserves of potash in the country and the country is fully dependent on its import to meet the demand of potassicfertilizers. This information was given by the Minister of State for Chemicals and Fertilisers, ShriSrikant Kumar Jena in a written reply in the LokSabhatoday. *** DNM/NSK/DB (Release ID :98764) |
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National Policy on Fertilizers
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