SME Times News Bureau | 25 Feb, 2012
An Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee Friday approved a new investment policy to boost urea production.
At present, India produces 22 million tonnes of urea while it consumes 29 million tonnes. The shortfall of the main soil nutrient in the country is being met through imports.
The new policy envisages preferential allotment of domestically produced natural gas to fertiliser plants.
A Committee of Secretaries (CoS) had recommended the preferential allotment of gas to the fertiliser sector to boost urea production.
