India is not likely to import fertilizers in the next five years as the country aims to be self-reliant with the revival of eight closed plants with more sops, requiring a total investment outlay of Rs 32,000 crore, according to fertilizer secretary Atul Chaturvedi.
On the revival of plants, the broader gap of 6-7 million tonnes between fertiliser supply and demand after five years can be bridged. To curb dependency on imports, the Cabinet had in October last year cleared setting up of an empowered panel of secretaries to decide financial models for the revival of five units of Fertilizer Corporation of India (FCIL) and three plants of Hindustan Fertilizer Corporation (HFCL).