Rs 40,000 cr investment in fertiliser sector in next 4 yrs

About Rs 40,000 crore would be invested in the next four years to make India self-reliant in urea production, Fertiliser Minister Ananth Kumar said today.
"In next four years, some more fertiliser plants will be revived including plants at Barooni, Sindri, Gorakhpur, and at the same time new plants are also in pipeline including RCF's new plant in Thal in Maharashtra," Kumar said.
"About Rs 40,000 crore will be invested in the sector in next four years to make the country self reliant in urea," Kumar said.
The minister was speaking at the signing of joint venture pact between National Fertilizers (NFL), EIL and FCIL to revive closed fertiliser plant at Ramagundam, a statement said.

At present, the country is dependent on urea imports as domestic production has remained stagnant at 22 million tonnes as against annual demand of about 30 million tonnes. No new urea capacity has come up in the last one decade.
The minister said that work has already been started to revive the closed fertiliser plants in Talcher and Ramagundam.
At the same time, there are also requests from Karnataka and Madhya Pradesh state governments to set up plant in their respective states, Kumar added.
The government has already formed joint ventures between various state PSUs to revive the Fertiliser Corporation of India (FCIL) closed units at Talcher and Ramagundam.