Demand and Supply of Fertilizers

The gap in the demand and domestic production of fertilizer is met through imports. In addition to import, the Government encourages the Indian Fertilizer entities for acquiring fertilizer assets/resources and to set up Joint Ventures Fertilizer Projects abroad in the resources rich countries and also encourages to enter into long term off-take agreements for supply of fertilizers/fertilizer inputs at some preferential prices from such countries. The Government has notified the New Investment Policy 2012 on 2nd January 2013 to facilitate fresh investment in urea sector in future and to reduce India’s import dependency in urea production.

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