To make the country self-reliant : Fertilizer industry seeks overhaul of urban subsidy regime

Fertilizer Industries

Highlights :

Fertilizer Industry seeks overhaul of urban subsidy regime
The government aims to revive four sick plants next year
With an investment of ₹ 38,000 crore as part of its Atmanirbhar Bharat initiative

The Fertilizer industry is seeking an overhaul of the urban subsidy regime to make existing factories viable.

It's crucial for the success of the government's push to make the country self-reliant in this space by reviving five sick plants.

The government aims to revive four sick plants next year and another by 2023 with an investment of ₹ 38,000 crore as part of its Atmanirbhar Bharat initiative. This initiative will add 6.35 million tonnes to the country's existing annual capacity of 24 million tonnes and drastically reduce imports.

The government is taking initiatives to make sure farmers get adequate supply of crop nutrients even during lockdown.

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