Cabinet approves fertiliser investment policy

By IANS,

New Delhi : The Cabinet Committee on Economic Affairs Friday approved the new investment policy for existing fertiliser units to augment the production of urea – the staple fertiliser used by farmers.


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Science and technology minister Kapil Sibal said the government was expecting a good monsoon. He told reporters: “The new policy aims at revamping the existing fertiliser unit and their capacity-building”.

Sibal said that the government expected a lot of investment for these fertiliser units.

“Monsoon has revived and it will immensely benefit Indian farmers,” Sibal said.

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