Cabinet approves fertiliser investment policy

August 8th, 2008 - 3:39 pm ICT by IANS  

New Delhi, Aug 8 (IANS) The Cabinet Committee on Economic Affairs Friday approved the new investment policy for existing fertiliser units to augment the production of urea - the staple fertiliser used by farmers. Science and technology minister Kapil Sibal said the government was expecting a good monsoon. He told reporters: “The new policy aims at revamping the existing fertiliser unit and their capacity-building”.

Sibal said that the government expected a lot of investment for these fertiliser units.

“Monsoon has revived and it will immensely benefit Indian farmers,” Sibal said.

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