India is an agricultural country. And urea has an important contribution in the agriculture sector. According to the information, about 260 lakh tonnes are produced per year in the country. Whereas the demand for urea is much higher than that i.e. about 350 lakh tonnes per annum. To meet this demand-supply gap, about 9 million tonnes of urea is imported every year from abroad.
But on July 5, 2022, Union Minister of Chemicals and Fertilizers Mansukh Mandaviya has expressed the possibility that his focus will be to increase the production of urea in the country during the coming three years. And the effort will be that after 2025, the country does not have to depend on foreign countries for its urea demand. That is, he said that till 2025 we will not need to import urea.
Production of both conventional urea and nano urea will be increased
During a conversation with the reporters, the minister said that we have full confidence that by 2025 we will become self-sufficient in the matter of urea. So that we will not need to import urea. He expressed the possibility that in the next three years, our production of both conventional and nano urea (liquid urea) will exceed our domestic demand.
In his statement, he further said that our effort is to increase the production of conventional urea by about 60 lakh tonnes. At the same time, the production of nano urea will also be increased to 44 crore bottles with 500 ml nano urea in each bottle. And this production of nano urea alone will be equivalent to about 2 million tonnes of conventional urea.
Liquid urea is preferred by farmers
The Minister of Chemicals and Fertilizers of the country further said that the use of nano urea has increased among the farmers, which means that the farmers have liked it very much. From scientific and soil health point of view, liquid urea is better. It does not have any adverse effect on soil health by retaining the nutrients in the soil and is also effective for increasing the yield of the farmers.
in the year due to reduction in imports 40 Thousand crore foreign exchange savings
The government believes that if the country becomes self-sufficient in urea, then it will also be able to save 40 thousand crores of foreign exchange annually. As far as nano urea is concerned, this product is new in the market, and it also has many advantages over conventional urea. One bottle of liquid urea is as effective as a full bag of conventional urea.
Experts believe that the use of liquid urea will reduce soil, air and water pollution. This pollution is caused due to excessive use of chemical fertilizers. At present, according to a figure, the production of nano urea in the country is being done 50 million bottles in a year. Which is being claimed to be made 42 crore bottles per year in the coming three years.
IFFCO has introduced this nano urea
The country’s leading cooperative company IFFCO has introduced this new product in the market. According to further information, the production of liquid urea started from 1st August 2021 at IFFCO’s plant located in Kalol, Gujarat.
But at present, apart from IFFCO, there are two other companies who are trying to set up their nano urea plants across the country. Because the cooperative company IFFCO has transferred the technology for making nano urea to these two companies free of cost.
Average per acre in farmers’ income from nano urea 4000 Possible increase of Rs.
The Ministry believes that Nano Urea is a new product, which is also being liked a lot by the farmers. Perhaps this is the reason why private sector companies in the country have also shown interest in setting up plants for this product. The use of nano area will reduce the transportation cost, which will benefit the small farmers more. According to the information, there is also a possibility of increasing the income of farmers by an average of Rs.4000 per acre.
According to an official of the country’s Ministry of Chemicals and Fertilizers, the figure of subsidy given on urea is also expected to increase significantly compared to the last financial year. Where in the last financial year it was Rs 1.62 lakh crore, in the current financial year it is likely to reach more than Rs 2.5 lakh crore.
What is the subsidy on urea
According to the information received from the ministry, in the current financial year, there is a provision of giving subsidy of about Rs 70000 crore only on urea. A sack of urea weighing 45 kg has a maximum retail price of Rs 267 per bag. Whereas the subsidy per bag is Rs 2300.
IFFCO is selling its new product Nano Urea for Rs 240 per bottle in Parto bottle containing half liter i.e. 500 ml liquid urea.