Press Information Bureau

Government of India

Ministry of Chemicals and Fertilizers

29-November-2012 17:52 IST

M/s Matix Fertilizers and Chemicals Limited, a private company is setting up a new Greenfield Gas (including Coal Bed Methane gas) based Ammonia-Urea project in Burdwan District, West Bengal with a capacity 1.27 million metric tonne per annum of Urea. Also after notification of New Investment Policy – 2008, investments have also taken place on some revamp projects in urea sector, whose details are given in the Annexure.

The New Investment Policy 2012 for urea sector is under consideration of Government of India to attract fresh investments.

ANNEXURE

New Investment Policy

Investment in Revamp Projects due to New Investment Policy: - 2008

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today.

******

DNM/NSK/NV

Investment policy drives fresh private and revamp projects in the urea sector, aiming to expand production capacity. A private Greenfield gas based Ammonia-Urea project in Burdwan, West Bengal, and multiple revamp investments in existing urea plants have been undertaken following the New Investment Policy 2008; the Government is considering a New Investment Policy 2012 to attract further investment. An annexure lists units, amounts spent, and pre and post revamp urea capacities by project status (completed, partially completed, under revamp), evidencing capacity increases across the sector as reported in a parliamentary written reply.