Urea-makers will now get incentive to produce; govt pledges this to curb urea imports
−− Urea factories that are older than 30 years but are still producing urea, will get Rs 500 additional fixed cost.
Mar. 17, 2020
Urea manufacturers will now get benefits from the government to produce more. The government has today announced benefits for the urea manufacturing companies. 30 urea factories will get fixed cost at a rate of Rs 350 per metric tonne, Cabinet Minister Prakash Javadekar said in a cabinet press briefing. He also announced that a few urea factories that are older than 30 years but are still producing urea, will get Rs 500 additional fixed cost.
India imports more than 50 lakh tonnes of urea, worth more than a billion-dollar, every year. To reduce the weight of this import, the government has been consistently trying to boost domestic production and cut the imports.
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