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of <h1>Union Cabinet Approves Rs 10,601.4 Crore Urea Plant to Boost Self-Sufficiency and Local Jobs in Fertilizer Production</h1> The Union Cabinet has approved the establishment of a urea plant in Assam, aiming to reduce imports and enhance self-sufficiency in urea production. The project, costing Rs 10,601.4 crore, will involve setting up a new Ammonia-Urea Complex with an annual capacity of 12.7 lakh tonnes at Brahmaputra Valley Fertilizer Corporation Ltd in Namrup. The joint venture will have a debt-equity ratio of 70:30, with various stakeholders including the Assam government, BVFCL, Hindustan Urvarak & Rasayan Limited, National Fertilizers Ltd, and Oil India Limited. The project is expected to be completed in 48 months, boosting local employment and energy efficiency.
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