From: Press Information Bureau Ministry of I&B <pib.kolkata@gmail.com>
Date: Fri, May 7, 2010 at 12:50 PM
Subject: Releases........pt2
Press Information Bureau
Government of India
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Ministry of Chemicals and Fertilizers
Government Spent Rs. 64032.30 Crore on Fertilizer Subsidy During 2009-10
New Delhi: May 7, 2010
Consumption (Sales) of major fertilizers like Urea, DAP, MOP and NPK fertilizers during the year 2009-10 and the year prior to it i.e. 2008-09 is as under:
(Sales in LMT)
| Year | Urea | DAP | MOP | NPK |
| 2008-09 | 266.51 | 99.03 | 40.95 | 71.22 |
| 2009-10 | 264.48 | 103.92 | 46.74 | 82.03 |
It may be observed that the sales of DAP, MOP and NPK fertilizers during 2009-10 were higher than those compared with the sales during 2008-09, whereas in the case of Urea, the sales during 2009-10 have been lower than that compared with the sales during 2008-09.
An amount of Rs. 64032.30 crore was spent by the Government on subsidy during the year 2009-10 whereas the payments of 99494.71 crores (79494.71 crores in cash and Rs. 20,000 crore in the form of Bonds) were made during the year 2008-09. The subsidy outgo in the year 2008-09 was more because of higher prices of finished fertilizers, raw material in the international market.
There are reports of smuggling of fertilizers from India to neighbouring countries. However these have not been confirmed by the State Governments. The State Governments and Para Military Forces have been advised by the Department of Fertilizers and Ministry of Home Affairs to keep a vigil and to check smuggling of fertilizers, if any, from India to neighbouring countries through land and sea routes.
This information was given by the Minister of State for Chemicals and Fertilisers Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
dnm/pkm/sb/dk/kol/12:47 hrs.
Press Information Bureau
Government of India
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Ministry of Chemicals and Fertilizers
Joint Venture Projects for Production of Fertilizers
New Delhi: May 7, 2010
Details of the Joint Ventures by the Indian Fertilizer entities established during the last three years abroad for production of fertilizers are given below:
1. Indian Farmers Fertiliser Cooperative Limited (IFFCO): The society has entered in a Joint Venture Agreement with Jordan Phosphate Mining Company (JPMC), Jordan in December 2007 for production of Phsphoric Acid in Jordan. The estimated project cost is US$ 682 million and the capacity of plant will be 0.45 Million Tone per annum and the production is likely to commence in the year 2013.
2. IFFCO has further subscribed 0.5 Million shares of "Glow Max Agri Corp. Canada" (GMAC) equivalent to 1% of the total equity of GMAC for setting up a Muriate of Potash (MOP) production facility in Peru with proposed production capacity of 0.25 Million Tone per annum with estimated cost of US$125 million. The production is likely to commence in the year 2013 in Peru.
3. Coromandal International Limited (CIL) together with Gujarat State Fertilizers and Chemicals Limited (GSFC), Groupe Chimique Tunisian (GCT) and Campagnie Des Phosphate De Gafsa (CPG) has formed a Joint Venture company with the name of Tunisian Indian Fertilizers S.A (TIFERT) for production of phosphoric acid with a capacity of about 3.6 LMT per annum in Tunisia. Expected date of commissioning of plant is the first quarter of 2011. The estimated cost of the project is US$500 Million. Stake of CIL and GSFC in the JV is 15% each.
However, various Indian Fertilizer entities are in dialogue with the fertilizer entities abroad for establishing Joint Ventures abroad for production of fertilizers/raw materials.
This information was given by the Minister of State for Chemicals and Fertilisers Shri Srikant Kumar Jena in a written reply in the Rajya Sabha today.
dnm/pkm/sb/dk/kol/12:48 hrs.
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Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/
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