Fertilizer Industry Round Up (15/9/14 to 20/9/14)

Published on September 22, 2014

India has been trying hard from last few years to increase the production of food grains. With ever increasing population of our country all the measures turned out to be short couple with irregularities in monsoon and natural calamities. The government is making its efforts in providing measures to the agro based industries. Even government is making use of technologies used in Israel and other countries to make farming and agriculture more techno savvy and sophisticated. In a recent move India has decided to renew its agriculture cooperation plan with Israel. The present deal will be further extended in the year 2015. In the agreement with Israel, the countries will be collaborating in agriculture, seed development, dairy and horticulture.

In order to ensure that chemical supplements reach all the regions of the country, government will be focusing more on manufacturing of chemical fertilizers like urea, potash and phosphate. The government is in process of installing two more urea plants along the Jagdishpur-Haldia gas pipeline. The installation of plants will incur the cost of Rs. 10,000 crore. Again government in is process of reviving its eight sick units of urea manufacturing. According to fertilizer industry this will boost the domestic production of Urea in the country.

The chemical industries associated to fertilizer manufacturing are operating at standard rate with stable demand of chemicals prevailing in the industry.


Stay connected with us on