Search Result for : Ministry Of Chemicals And Fertilisers

The Dollar Business Bureau A Joint review meeting on revival plans for closed fertilizer projects was held today, to realise PM Narendra Modi's vision of ‘Fertilizer Security for Food Security'.  The two-pronged strategy includes existing fertilizer capacity augmentation by increasing the efficiency of the plants and revival of closed fertilizer projects. "With the revival of the fertilizer projects, Gorakhpur, Barauni, Sindri and Talcher, an additional annual production capacity of 75 LMT would be created making India self-reliant in meeting the annual domestic demand of around 320 LMT, from being a net importer currently," Ananthkumar, Union Minister for Chemicals & Fertilizers and Parliamentary Affairs said, after the meeting. "Financial allocations and the ground level work would start in 2017 and the five plants would become fully functional by 2020-21," he added. Through optimum utilisation of existing capacity, India ...

The Dollar Business Bureau Inaugurating the annual seminar of Fertiliser Association of India (FAI), the Chemicals and Fertilisers and Parliamentary Affairs Minister Ananth Kumar on Thursday said the present government will continue to take adequate measures to ensure that the country’s fertiliser industry remains on the growth path.    Indian industry registered a record production of urea during the financial year 2015-16. He acknowledged the industry’s long-pending demand of payment of balance (10%) subsidy, revision of fixed cost for indigenous urea industry and clearance of backlog subsidy of previous years. He assured that the government is taking adequate efforts to resolve these issues during the current financial year.   The Minister also thanked the industry for extending the credit facility to the fertilizer ...

Road & Transport Minister Nitin Gadkari on Wednesday said the Ministries of Chemical and Fertiliser and New and Renewable Energy will soon come out with draft policies in three weeks for manufacturing of coal-based urea and second generation ethanol. “We want to manufacture coal-based urea in the country as presently we are providing Rs 45,000 crore as subsidy on urea,” Gadkari said. “We want to promote second generation ethanol. A unanimous decision was taken that Ministry of New and Renewable Energy and Chemicals Fertilizers will come out with the policies," he said. The decision was taken while he was chairing an inter-ministerial meeting, attended by Agriculture Minister Radha Mohan Singh, Coal Minister Piyush Goyal, Science and Technology Minster Harsh Vardhan and Chemical & Fertiliser ...