India is finally looking at fertilizer as a strategic item and aggressively ramping up production

India needs to be self-sufficient in every sense in its quest to become the superpower of the Asian century. This concept becomes all the more relevant when it comes to feeding 1.4 billion people. Realizing this, the Narendra Modi government has started accelerating the production of fertilizers in the country. The government will protect the farmers from the high global prices of fertilizers. With the global price of fertilizers rising in the next decade, the central government has encouraged our farmers to do so. Decided to protect it from impacts.

Soon our farmers will no longer be dependent on imported fertilizers, instead, they will use fertilizers made in India to provide nutrients to their crops. In order to promote domestic production of Phosphatic and Potash fertilizers, the Government has made major changes in the existing Nutrient Based Subsidy (NBS) policy. The decision was made after a high-level meeting chaired by Mansukh Mandaviya, Minister of Chemicals and Fertilizers.
An official statement said,

“It was decided to propose additional provisions in the extant NBS policy to continue support to the domestic industry for production of P&K fertilizers and to promote domestic production of P&K fertilizers in the country. Government will increase domestic production capacity.At present, total 3 million tonnes of phosphate deposits in India are available in Rajasthan, Peninsular India, Hirapur (Madhya Pradesh), Lalitpur (Uttar Pradesh), In the central part of the Mussoorie syncline (Uttarakhand), and Cuddapah Basin (Andhra Pradesh), Mr. Mandaviya has issued orders to commercially increase production at these facilities.

In short NBS Policy NBS Policy is a guiding force behind the availability of fertilizers in India. Contrary to popular belief, it does not fix the prices of fertilizers sold in India. The price of fertilizers is left to market forces. Simply put, based on the calculation of both demand and supply, the fertilizer companies fix the prices at which our farmers buy from them. intervenes during the phases. The government’s surveillance intervention ensures that

That the price of fertilizers should not go against the interests of the farmers. In addition, after the prices are finalized by the companies, the government meets the demand-side obligations through subsidies. By providing a fixed amount of financial assistance to the farmers, the government ensures that no farmer misses out on buying the nutrients for his farm. Exploration to be expedited Currently, India imports about 90 per cent of its fertilizer needs. India needs huge investment to increase its domestic production capacity. That is why the government will not only accelerate production at the above facilities, but also accelerate the exploration of potential potash resources at Satipura, Bharusari and Lakhasar in Rajasthan. Further searches will be conducted in Uttar Pradesh, Madhya Pradesh, Gujarat, Andhra Pradesh and Karnataka.