India to be self-sufficient in urea output Patil

India to be self-sufficient in urea output Patil

By: || Updated: 12 Mar 2012 01:55 AM


New Delhi: The
government is aiming to make India self-sufficient in urea fertiliser
output in the next five years through the revival of eight closed plants,
President Pratibha Patil said on Monday.

The country's urea
production is stagnant at around 21-22 million tonne and about 7-8 million
tonne is being imported to meet the domestic demand.

"My
Government has decided to revive eight urea units of Fertiliser
Corporation of India and Hindustan Fertiliser Corporation to create an
extra installed capacity of 9 million tonnes of urea. We are aiming to
achieve self-sufficiency in urea production in the next five years," Patil
said in her address to the joint-session of Parliament.

She also
said the availability of subsidised fertilisers has been ensured as per
the requirement during the year.

That apart, Patil mentioned that
the Fertiliser Ministry is working on a comprehensive monitoring system
which would provide information on fertiliser availability to the farmers
through SMS, Internet and telephone.

Recently, the Group of
Ministers headed by Finance Minister Pranab Mukherjee approved a new
policy to attract investments into fresh capacity in urea, the fertiliser
most commonly used in the country.

Unlike potash and phosphatic
fertilisers, the urea sector is controlled by the government. The maximum
retail price (MRP) of urea has been fixed at Rs5,310 per quintal.

The
difference between the cost of production and the MRP is being paid to the
manufacturers.

Last year, urea contributed Rs23,900 crore to the
fertiliser subsidy bill and it is likely to be Rs24,500 crore in the
2011-12 fiscal.

Urea played an important role in boosting
foodgrain production during the first Green Revolution in 1960s.





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