‘Won’t hike urea price; will make India self-sufficient’
12 Nov 2014 12:26 AM GMT
Government has no plans to raise urea prices and will make the country self-reliant on the widely-used soil nutrient, Fertiliser Minister Ananth Kumar said on Tuesday. Kumar was speaking while welcoming the Hansraj Gangaram Ahir, who assumed charge as Minister of State for Chemicals and Fertilisers.
‘There are no plans to increase urea prices and will keep on working to raise its domestic
production to substitute the imports,’ he said. The two said that they will work as 'Team Modi' to achieve the goals set by the Prime Minister Narendra Modi. Ahir, who is MP from the Chandrapur Constituency in Maharashtra, said that ‘it is the priority of the present government to make fertiliser and medicines available to the poor at a cheaper price’.
Urea is provided to farmers at a fixed subsidised maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy to manufacturers. In the last one decade, urea prices have been raised only once by Rs 50 per tonne, while no new capacity has come up.
‘There are no plans to increase urea prices and will keep on working to raise its domestic
production to substitute the imports,’ he said. The two said that they will work as 'Team Modi' to achieve the goals set by the Prime Minister Narendra Modi. Ahir, who is MP from the Chandrapur Constituency in Maharashtra, said that ‘it is the priority of the present government to make fertiliser and medicines available to the poor at a cheaper price’.
Urea is provided to farmers at a fixed subsidised maximum retail price (MRP) of Rs 5,360 per tonne. The difference between the cost of production and MRP of urea is provided as subsidy to manufacturers. In the last one decade, urea prices have been raised only once by Rs 50 per tonne, while no new capacity has come up.
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