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India will be a big market potential urea consumption
2014-06-26 17:21:23
In addition to these three state trading enterprises, the government also imported urea from Jin Coal Sun Stone, which is a joint project with the off-take agreements.
India's imports of urea has been reduced by 12%, to 7.08 tons in 2013-14, due to the carry-over stocks from the previous year. The country imported 8.04 tons of urea throughout the 2012 - 13 fiscal.
Urea is provided to the farmers a fixed subsidy of Rs 5,360 per tonne of the maximum retail price (MRP). The difference between the production cost of urea between material requirements planning, as subsidies to manufacturers.
The Government is also committed to revive the closed domestic fertilizer units, in order to increase domestic production of soil nutrients.
Fertilizer Minister Ananth Kumar also said that his goal is to make the country self-reliance in the widely used soil nutrient.
Kumar also ensure that farmers do not think there is a shortage of urea issue in the ongoing harvest season.