Press Release > India aims to end urea imports from 2025; pegs FY23 fertilizers subsidy at $27.2 billion
India aims to end urea imports from 2025; pegs FY23 fertilizers subsidy at $27.2 billion
Economic Times | 03/11/2022 05:55 PM
India aims to end imports of urea from 2025 as the nation boosts its local production capacity with the commissioning of new plants, fertilizers minister Mansukh Mandaviya said on Wednesday.
India, the top importer of urea, imports about 30% of its average 35 million tonnes of the annual consumption of the crop nutrient.
"We are aiming for ending our dependence on imported urea by 2025... our five new plants will be commissioned by then
Plants at Gorakhpur in the northern state of Uttar Pradesh, Ramagundam in southern Telangana, and Talcher, Barauni, and Sindri in eastern India would together produce 6.5 million tonnes of urea every year.
Production of indigenous local urea containing nanoparticles of the crop nutrient, also known as nano urea, would rise to 5 million tonnes by 2025, he said, adding Prime Minister Narendra Modi will inaugurate the Ramagundam plant on Nov. 12.
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