As per the New Investment Policy (NIP), 2012 and amendment to NIP - 2012 which has been notified by the Government on 2.1.2013 and 7.10.2014 respectively, the Government does not allow establishment of Urea Units based on Naphtha.
The Department of Fertilizers is in the process of examining thirteen Brownfield / Greenfield / Revamp proposals / projects.
The Government proposes to revive five closed units of Fertilizer Corporation of India Ltd. (FCIL) at Talcher, Ramagundam, Sindri, Gorakhpur and Korba, and one unit of Hindustan Fertilizer Corporation Ltd. (HFCL) at Barauni.
The Government has planned financial restructuring of three sick companies namely, MFL, BVFCL and FACT to sustain their operations. The financial restructuring, inter-alia, involves waivers of Government of India loans and interest thereon and grant of interest free loans.
The Department proposes to increase the production of fertilizer to fill the gap between demand and supply of fertilizer. As far as production of chemicals is concerned, it depends upon various factor like plant capacity, market condition, economic viability, etc. which is continuously reviewed by the Government and is an ongoing process.
This information was given by the Minister of State (MOS) in the Ministry of Chemicals and Fertilizers Sh. Hansraj Gangaram Ahir in the Lok Sabha today.
The Department of Fertilizers is in the process of examining thirteen Brownfield / Greenfield / Revamp proposals / projects.
The Government proposes to revive five closed units of Fertilizer Corporation of India Ltd. (FCIL) at Talcher, Ramagundam, Sindri, Gorakhpur and Korba, and one unit of Hindustan Fertilizer Corporation Ltd. (HFCL) at Barauni.
The Government has planned financial restructuring of three sick companies namely, MFL, BVFCL and FACT to sustain their operations. The financial restructuring, inter-alia, involves waivers of Government of India loans and interest thereon and grant of interest free loans.
The Department proposes to increase the production of fertilizer to fill the gap between demand and supply of fertilizer. As far as production of chemicals is concerned, it depends upon various factor like plant capacity, market condition, economic viability, etc. which is continuously reviewed by the Government and is an ongoing process.
This information was given by the Minister of State (MOS) in the Ministry of Chemicals and Fertilizers Sh. Hansraj Gangaram Ahir in the Lok Sabha today.
