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PM Modi lays Foundation Stone of Barrage over Narmada river, flags off Antyodaya Express

Published By : Admin | October 8, 2017 | 15:15 IST
PM Modi lays Foundation Stone of Barrage over Narmada river, flags off Antyodaya Express
The Antyodaya Express is a commendable initiative by the Railway Ministry, says PM Modi
Neem coating of urea has benefitted farmers and choked it's theft and corruption: PM Modi
Barrage over Narmada river will enhance commute, ensure water availability to nearby areas & also help in environment protection: PM

The Prime Minister, Shri Narendra Modi, today unveiled a plaque to mark the laying of Foundation Stone of Bhadbhut Barrage over the River Narmada. At a public meeting in Bharuch, the Prime Minister also flagged off the Antyodaya Express between Udhna (Surat, Gujarat) and Jaynagar (Bihar). He also unveiled a plaque to mark the laying of Foundation Stone, and Inauguration of various plants of Gujarat Narmada Fertilizer Corporation Ltd.

Addressing the public meeting, the Prime Minister said that the Antyodaya Express is a commendable initiative, which connects people and particularly helps those who are from Uttar Pradesh or Bihar, and work far from their home. He said the train will make it easier for people from Uttar Pradesh and Bihar to go home for Chhath Puja.

Neem coating of urea helped farmers and stopped corruption as well as theft, the Prime Minister said. 

Shri Narendra Modi said that Gujarat's strides in animal husbandry have helped farmers. He said that he had asked the Chief Minister of Uttar Pradesh, Yogi Adityanath, to send a team to Gujarat and study the Pashu Arogya Melas. He added that a similar Mela had been organised recently in Varanasi, which the Prime Minister had an opportunity to visit. 

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Cabinet approves National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026)
July 15, 2026

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, today has approved the proposal of the Department of Fertilizers on National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026).

Benefits:

The policy will encourage new investments in the Urea sector for setting up the gas based Urea manufacturing units in the country. This will help in the achieving the goal of self-sufficiency. Further, the key changes in comparison to NIP-2012 includes the separation of fixed and variable costs for greater transparency, introduction of a viable Return on Equity (RoE) band with a floor at 12% and a ceiling at 16%, and mitigation of foreign exchange risk through conversion of fixed cost into INR after four years based on prevailing exchange rates. These measures are estimated to result in savings of over Rs.250 crore for each plant established under NIPU-2026 compared to NIP-2012.

Implementation Strategy and targets:

Setting up of new Urea manufacturing units will be covered under the National Investment Policy for Urea-2026 for Atmanirbhar Bharat (NIPU-2026).

Background:

To attract New Investments in the Urea sector, a policy for investments in the Urea sector was finalised by the Department of Fertilizers for Revamp, Expansion, Revival/Brownfield and Greenfield projects in 2012. Under New Investment Policy (NIP) – 2012, total 6 new Urea units have been set up which includes 4 urea units set up through Joint Venture Companies (JVC) of nominated PSUs and 2 urea units set up by the private companies. The period for new investment under NIP-2012 expired by October-2019.

At present, there are 33 operational Urea manufacturing units with total Reassessed/installed capacity of 269.42 LMT. There is a need to increase the indigenous production of Urea. There is a gap in the indigenous production and demand of urea in the country which is filled by the import of urea.

Department of Fertilizers have received various proposals for setting up of Urea units. Hence, a National Investment Policy for Urea is necessary.