'No hike in urea price for next 4 years'

Union Chemicals and Fertilisers Minister Ananth Kumar on Friday said the NDA government had decided as a policy not to increase the price of urea for the next four years.

Speaking at a workshop organised for the BJP functionaries to mark the completion of one year of the Modi government at the Centre, Kumar said the decision had been taken in the interest of farmers.

Kumar said the country will achieve self-sufficiency in the production of fertiliser by 2019. A road map for achieving self-suffiency in fertiliser production has been prepared. At present, the total requirement of fertiliser in the country is around 330 lakh tonnes, of which 120 lakh tonnes are being imported, he said.

The government planned to invest Rs 40,000 crore for setting up six new mega fertiliser plants to meet the country’s requirements, he added.

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