Press Information Bureau
Government of India
Ministry of Chemicals and Fertilizers
08-December-2011 13:36 IST
Investment in Fertilizer Sector
The Government has notified on 4th September, 2008, a new investment policy for urea sector to attract the much required investment in this sector. The policy has resulted in increase of indigenous urea production by approximately two million tonnes through revamp of existing plants. No new investments under Expansion, Revival & Greenfield plants were materialised.

In order to attract new investments in urea sector, the Group of Ministers (GoM) constituted to review the fertilizer policy has decided in its meeting held on 5th January, 2011 to constitute a Committee under the Chairmanship of Dr. Saumitra Chaudhuri, Member, Planning Commission to examine the issues relating to investment policy and amendments proposed therein, and make appropriate recommendations. The Committee had several meeting and the report is being finalised soon. For P&K fertilizers, the phosphatic sector are 90% dependent on imports of raw material and Potassic fertilizers are 100% dependent on imports. Hence, no new investment in P&K sector except in SSP fertilizers is expected.

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.