The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Fertilizers regarding amendments to the New Investment Policy 2012 (NIP-2012) in the urea sector.
The amendments are necessitated by the suggestion of Dr. Saumitra Choudhuri, Member Planning Commission and the response of various companies received by the Department of Fertilizers (DoF) after the notification of NIP-2012.
Amendments in NIP-2012 will allow market forces to operate for new urea units. It is expected that this would attract investments in urea sector for required indigenous capacity addition and increased production of urea domestically. This would facilitate actual implementation of NIP- 2012.
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