Three new urea plants with an estimated investment of around Rs 30,000 crore are proposed for Uttar Pradesh, at Gorakhpur, Jagdishpur and Shahjahanpur, and the central government is likely to decide on the proposals within the next month, Rural Voice reports, citing sources.
Gorakhpur already has a urea plant run by KRIBHCO Fertilizers, a subsidiary of the cooperative Krishak Bharati Cooperative Limited (KRIBHCO), which has applied to the Centre to build another. Indo Rama plans a new plant at Jagdishpur, and the public-sector Hindustan Urvarak & Rasayan Limited (HURL) wants a second plant beside its existing Gorakhpur facility.
HURL Managing Director Dr S.P. Mohanty told Rural Voice the company's board has approved the proposal. "We are moving ahead with the preparations. As soon as we receive approval from the central government, we will begin work on setting up the new plant," he said. HURL's existing Gorakhpur plant was built by the Japanese company Toyo, which is also to build the new one. According to the sources, Chief Minister Yogi Adityanath has been pursuing the plants and has met the company on the Gorakhpur proposal.
India uses around 40 million tonnes of urea a year, of which about 30 million tonnes is made at home and 10 million tonnes imported, and consumption is rising by 3 to 4% a year. The government wants greater self-reliance in urea so the country is better placed to handle supply disruptions such as those caused by a Gulf conflict, and announced a new Urea Promotion Policy a few months ago to encourage domestic production.
The report is by Rural Voice.
Source: Rural Voice
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