| National Policy on Fertilizers | |||||||||||||||||||||||||||||||||||||||||||||
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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 potassic
fertilizers.
This information was given by the Minister
of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a
written reply in the Lok Sabha
today.
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DNM/NSK/DB
(Release ID :98764) |
Friday 30 August 2013
National Policy on Fertilizers
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