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India will be self-reliant in the production of fertilizers by 2023 : D.V.Gowda

Capital Market 

Union Minister for Chemicals and Fertilizers D.V. Sadananda Gowda said, by 2023 India will be self-reliant in the production of fertilizers as under Atma Nirbhar Bharat programme new fertilizer manufacturing units are being setup with an investment of Rs 40,000 crore in the country to reduce dependency on import. He said, As per Prime Minister Narendra Modi's Atma Nirbhar Bharat vision to promote indigenous industries, we are converting all fertilizer companies to gas based technology. Recently we have revived four urea plants (Ramagundam, Sindhri, Barouni and Gorkhpur) in India. By 2023 we should become self -sufficient in the production of Fertilizers."

Union Minister informed that Government is encouraging the production of organic and Nano fertilizers in the country as they are 25 to 30 per cent cheaper and give 18 to 35 per cent higher yield and keep the soil in good health. He lauded the IFFCO's Nano experiment and called it a game changer. He informed that Nano fertilizers distributed freely to 12,000 farmers and agriculture universities across the country have given positive feedback. He asked farmers to use Urea judiciously as excessive use of Urea may spoil the soil health. He advised farmers to use fertilizers according to their soil health cards.

He praised the efforts of IFFCO, during the COVID pandemic period for not only keeping regular supply of fertilizers but also organising campaigns by distributing masks, sanitizers and hand gloves to mitigate the spread of COVID . He also thanked other fertilizers companies and Railway department for playing important role in timely supply of fertilizer during the COVID pandemic period.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, September 14 2020. 09:55 IST
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