TITLE

New urea policy to bring in fresh investments, says CII

PUB. DATE
September 2008
SOURCE
Chemical Business;Sep2008, Vol. 22 Issue 9, p68
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the possible benefits of the new urea pricing policy to the sector in India in 2008. According to the Confederation of Indian Industries (CII), such policy would draw new investments in the sector and minimize the country's dependence on fertiliser import. Such policy sets an international price-parity (IPP) formula for domestic urea producers to compute subsidy and production cost. It also states that the policy will boost coal gasification-based facilities which will lead to a better use of low-grade Indian coal.
ACCESSION #
34882457

 

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