Press Information Bureau

Government of India

Ministry of Finance

16-March-2012 14:19 IST

Government Takes Steps to Finalize Pricing and Investment Policies for Urea

While presenting the General Budget 2012-13 in LokSabha here today, the Union Finance Minister, ShriPranab Mukherjee informed that various steps have been taken by the Government to finalize pricing and investment policies for urea. Shri Mukherjee said that for potassic-phosphatic (P&K) fertilizer, use of Single Super Phosphate (SSP) will be encouraged through greater extension work. The Finance Minister informed that as the fertilizer is manufactured entirely in the domestic sector, enhance production will bring down the country’s dependence in P&K import. Furthermore, he stated that with the implementation of the investment policy in this sector, it is expected that the country will become self-sufficient within the next five years. DSM/MV/LMP/57

Pricing and investment policy for urea aims to boost domestic production and reduce import dependence, encouraging SSP use. Government initiatives target finalisation of pricing and investment policies for urea to strengthen production and reduce import reliance. Measures include promotion of Single Super Phosphate (SSP) for P&K fertilizer through expanded extension work and an investment policy aimed at increasing domestic manufacture to achieve self-sufficiency within a multi-year horizon.