Business Daily from THE HINDU group of publications
Thursday, Jun 12, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jun 12, 2008 ePaper | Mobile/PDA Version | Audio |
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Industry & Economy
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Fertilisers Decision on nutrient-based fertiliser subsidy soon Our Bureau Mumbai, June 11 The Union Cabinet in a week’s time will take a decision on the issue of nutrient-based fertiliser subsidy. Under this scheme, chemicals such as zinc and sulphur which are used for fertiliser production will get subsidy. The Government has been contemplating the subsidy, in order to maintain soil health and nutrient balance, said Mr Ram Vilas Paswan, Union Minster for Chemicals, Fertilisers and Steel. He was addressing the media at an industry function. Mr Paswan did not spell the exact quantum of the subsidy. Chemical hubsOn the issue of the upcoming chemical hubs, Mr Paswan said that six Petroleum, Chemicals and Petrochemical Investment Regions (PCPIR) have been identified in the country which will attract an investment of about Rs 50,000 crore to Rs 1 lakh crore. “All the hubs will come up as they have fulfilled the criteria of having 250 sq. km of land. The proposals are under consideration of a high-power committee, and then they would be submitted before the Cabinet for final approval. With PCPIR materialising on schedule, India would emerge as a leading player in the chemical, petrochemical field in the world,” Mr Paswan said. Gujarat, Karnataka, Tamil Nadu, Andhra Pradesh, Orissa and West Bengal have submitted their proposals for establishing PCPIR in their coastal regions. Freeing up nutrient supply Govt weighs policy on urea to promote brownfield expansions Govt to bring in new policy for investment in fertiliser sector More Stories on : Fertilisers | Policy
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