The project is expected to save on foreign exchange and also create jobs
The global lockdown due to the COVID-19 pandemic has brought to fore India’s over reliance on exports from other countries and especially from China after border tensions have heightened in the recent weeks. The government’s Make in India initiative has received a major boost with PM Modi’s call to make the country self reliant (Atma Nirbhar Bharat).
This agenda was central to the meeting Union Minister of Chemicals and Fertilizers Sadananda Gowda had with Nirlep Singh Rai, the CEO of Ramagundam Fertilizers and Chemicals limited (RFCL) to review the progress of construction works of the project.
The Minister was apprised of the near completion status of the project and he expressed hope that it will be ready for commercial production by October this year. RFCL will be a gas based urea producing unit of 12.7 Lakh MT per annum capacity at Ramagundam, Telangana. After commissioning, Ramagundam project along with other revival projects at Gorakhpur, Barauni, Sindri and Talcher will reduce the need for urea import by 63.5 LMT per annum. The RFCL project is thus expected to save on foreign exchange and also create jobs.
The Government of India had announced New Investment Policy (NIP), 2012 to facilitate fresh investment in the urea sector and to make India self-sufficient in the urea sector.
Five as yet shut down fertilizer plants, including Ramagundam Fertilizers and Chemicals Limited (RFCL), Talcher Fertilizers Limited (TFL), Hindustan Urvarak & Rasayan Limited (Gorakhpur, Barauni and Sindri), will be revived further bolstering the industry and helping
the farmers in these areas.
