New investment policy for urea manufacturing on cards

March 10th, 2008 - 7:21 pm ICT by admin  


New Delhi, March 10 (IANS) The government is taking policy initiatives that should help in attracting investment in urea manufacturing and increasing availability of fertilizers, parliament was informed Monday. “The government is in the process of finalising a pricing policy for new investment in the urea sector in order to promote investment and consequently increase the availability of the fertilizer,” Chemicals and Fertilizer Minister Ram Vilas Paswan told the Rajya Sabha.

He said the government wanted to revive the closed urea manufacturing units though feedstock availability will be a key factor.

“Pursuant to a decision taken on April 12 last year, the government is in the process of reviving the closed units at Gorakhpur, Ramagundam, Talcher, Sindri, Korba, Barauni, Durgapur and Haldia subject to availability of feedstock,” the minister said.

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