Indian fertilizer PSU's should become self-sustainable : Gowda
Chemical

Indian fertilizer PSU's should become self-sustainable : Gowda

While interacting with CMDs, Gowda stressed on the need for PSUs to become self-sustainable and said that in future, PSUs should not depend upon budgetary support from the Government of India.

  • By Pravin Prashant | October 14, 2020
Reviewing the future preparedness of fertilizer PSUs to gear up for the upcoming Rabi season, the Union Minister of Chemicals and Fertilizers Sadananda Gowda has asked PSUs to ensure that farmers get fertilisers in adequate quantities in time. 
 
He also directed CMDs to chalk out a common strategy to encourage cashless transactions for sale of fertilisers to reduce diversion and leakages of subsidies in line with the overall vision of Prime Minister Narendra Modi.
 
While interacting with CMDs, Gowda stressed on the need for PSUs to become self-sustainable and said that in future, PSUs should not depend upon budgetary support from the Government of India.
 
The need of the hour is to go for diversification of product basket, development of new products such as nano-fertilisers and customized fertilisers, technology upgradation and if necessary, through revamping of existing plants if they have to sustain in future, and compete with private sector and imported fertilisers. 
 
He added that fertiliser PSUs should also be sensitive towards environmental concerns as introduction of any environment related policies in future may disrupt their viability.
 
Chhabilendra Roul added that fertiliser PSUs should also continuously make efforts to strengthen their disaster management plan.
 
The meeting was attended by Chhabilendra Roul, Secretary (Fertilisers); Virendra Nath Datt, CMD, National Fertilizers Limited; SC Mudgerikar, CMD, Rashtriya Chemicals & Fertilizers Limited; Kishor Rungta, CMD, The Fertilisers And Chemicals Travancore Limited; U Saravanan, CMD, Madras Fertilizers Limited; AK Ghosh, CMD, Brahmaputra Valley Fertilizer Corporation Limited; and Amar Singh Rathore, CMD, FCI Aravali Gypsum and Minerals India Limited.

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