Kumar also assured farmers that there will be no shortage of urea in the ensuing kharif season.
"I want to assure farmers across the country that there will be no shortage of urea for kharif sowing and they will be provided urea at appropriate time. We will discuss this matter with the Agriculture Ministry and state governments," he said.
The new minister further said that his desire is to make the Fertiliser and Chemicals Ministry a engine of growth..
The ministry is preparing a blueprint for revival of closed urea units across the country.
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At present about eight units of state-owned FCIL and HCIL are closed.
India's urea production stands at around 22 million tonnes while the annual domestic demand is about 30 million tonnes. The shortfall is met through imports.
Kumar emphasized that the government would make necessary reforms in the fertiliser sector.
"We are also working on three petrochemicals hub in Assam, Tamil Nadu and Odisha similar to the pattern special economic zone (SEZ)," he said.