Govt undertakes revival of closed fertilizer projects to make India self-reliant
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 ...
Medical devices manufacturing has lot of growth potential: Expert
Jayarama Emani | The Dollar Business “With India importing 70% of its medical devices requirements, the industry provides a great opportunity for entrepreneurs to make it big domestically,” said Dr Babu Thomas, Director, HLL Lifecare Limited. Talking to The Dollar Business, Thomas said, “The current size of the industry is around Rs 30,000 crore of which, the share of the domestic industry is Rs 9,000 crore only, leaving an untapped potential of Rs 21,000 crore.” Thomas went on to add, “China was an importer not long ago, but is an exporter now.” Welcoming the Government of India’s move to set up Medical Devices Parks in the country, Thomas said, “HLL Lifecare Limited is developing a medical devices park in ...
