National Investment Policy to boost urea production

The Union Cabinet is expected to discuss a series of major policy reforms for the urea sector at a meeting scheduled for Wednesday. These could include a new investment policy for the urea sector, new norms for urea and continuation of subsidy for FY26, top sources said. The extension of the new urea policy, first introduced in 2012 with some changes, comes at a time when the country has been grappling with severe distortions in fertiliser imports due to geopolitical The Union Cabinet Wednesday approved the National Investment Policy for Urea-2026 (NIPU-2026), a new framework to encourage investment in gas-based urea manufacturing units and increase domestic production. The government, in a press release, said the policy aims to achieve the goal of self-sufficiency under the Atmanirbhar Bharat initiative. The new policy introduces several changes over the earlier New Investment Policy (NIP)-2012., whose investment window ended in October 2019. The new policy separates fixed and variable costs in the pricing framework. The Union Cabinet on Wednesday approved a National Investment Policy 2026 to create fresh domestic urea capacity of 10 million tonne and make India self-reliant in the most widely consumed fertiliser in the country. The new investment framework, approved in the cabinet meeting, chaired by Prime Minister Narendra Modi, will support the setting up of 8-9 new natural gas-based plants. "India's import dependence has come down due to the addition of six new plants in the last decade. Creation of New Delhi, The government on Wednesday announced a new National Investment Policy for Urea (NIPU-2026) to set up 8-9 new gas-based plants with a production capacity of 10 million tonne to make the country self-reliant in the most widely consumed fertiliser. The policy, approved in the Union Cabinet meeting, headed by Prime Minister Narendra Modi, will encourage new investments in the urea sector to set up gas-based urea manufacturing units in the country. The new investment framework is an extension