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New Delhi, Aug. 18 The Government is looking at reviewing the existing fertiliser policy as it has not been successful in bringing investment to the sector.

“The existing policy has not been successful in attracting investments to the sector,” the Minister of State for Chemicals and Fertilisers, Mr B.K. Handique, said in a written reply in the Rajya Sabha.

He also said that in view of the projected improvement in availability of gas in future and limitations of the current policy, a review of the existing policy is under consideration of the Government.

“For improving the investment climate, the fertiliser industry, through the Fertiliser Association of India (FAI), has suggested a new investment policy for the sector.

“This is based on import parity price for the brownfield (existing fertiliser plants) and greenfield plants as well as for expansion through revamp of the existing units,” he added.

The Minister said that Rashtriya Chemicals and Fertilisers Ltd is exploring the possibility of setting up of a joint venture projects in resource rich countries where natural gas or raw materials are available in adequate quantities at reasonable price.

More Stories on : Fertilisers | Policy

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