Latest news with #MinistryofChemicalsandFertilizers
Time of India
3 days ago
- Business
- Time of India
After energy, India now eyes self-reliance in fertilisers, reducing import dependence
Advt Similar to the country's resolve for energy independence, Prime Minister Narendra Modi emphasised the need for India to achieve self-reliance in the fertilisers sector, while addressing the nation from the ramparts of the Red Fort this Independence Prime Minister observed that, at present, India remains dependent on imports for a significant portion of its fertiliser urged the farming community to adopt judicious and scientific use of fertilisers to protect the health of the soil, cautioning against indiscriminate usage that causes long-term damage to "Mother Earth".Calling upon the youth, the industrial sector, and the private sector, the Prime Minister exhorted the nation to unite in efforts to build ample domestic reserves of encouraged the discovery and development of innovative methods to meet the country's requirements through indigenous production."Just like we are dependent on the world for energy, it is the misfortune of the country that we have to depend on the world for fertilisers as well. The farmers of my country can also serve Mother Earth by using fertilisers properly. We are causing a lot of harm to Mother Earth by using it indiscriminately. But at the same time, I want to tell the youth of the country, the industry of the country, the private sector of the country, let us fill the reserves of fertilizers, let us find new ways and prepare our own fertilisers as per the requirement of India, let us not depend on others," PM Modi said from the Red Fort."The Government has reaffirmed its commitment to work in close coordination with industry stakeholders, research institutions, and state governments to bolster domestic capacity, promote sustainable farming practices, and reduce import dependency," the Ministry of Chemicals and Fertilizers said in a the last decade, India's fertiliser industry has seen steady growth. The total fertiliser production has increased from 385.39 Lakh Metric Tonnes (LMT) in 2014-15 to 503.35 LMT in 2023-24. Over the past six years, six new urea plants have become operational across the total annual consumption of fertiliser in 2023-24 was around 601 LMT. About 503 LMT was produced domestically in India, while 177 LMT came through imports.
Malaysia Sun
3 days ago
- Business
- Malaysia Sun
After energy, India now eyes self-reliance in fertilisers, reducing import dependence
New Delhi [India], August 16 (ANI): Similar to the country's resolve for energy independence, Prime Minister Narendra Modi emphasised the need for India to achieve self-reliance in the fertilisers sector, while addressing the nation from the ramparts of the Red Fort this Independence Day. The Prime Minister observed that, at present, India remains dependent on imports for a significant portion of its fertiliser requirements. He urged the farming community to adopt judicious and scientific use of fertilisers to protect the health of the soil, cautioning against indiscriminate usage that causes long-term damage to 'Mother Earth'. Calling upon the youth, the industrial sector, and the private sector, the Prime Minister exhorted the nation to unite in efforts to build ample domestic reserves of fertilisers. He encouraged the discovery and development of innovative methods to meet the country's requirements through indigenous production. 'Just like we are dependent on the world for energy, it is the misfortune of the country that we have to depend on the world for fertilisers as well. The farmers of my country can also serve Mother Earth by using fertilisers properly. We are causing a lot of harm to Mother Earth by using it indiscriminately. But at the same time, I want to tell the youth of the country, the industry of the country, the private sector of the country, let us fill the reserves of fertilizers, let us find new ways and prepare our own fertilisers as per the requirement of India, let us not depend on others,' PM Modi said from the Red Fort. 'The Government has reaffirmed its commitment to work in close coordination with industry stakeholders, research institutions, and state governments to bolster domestic capacity, promote sustainable farming practices, and reduce import dependency,' the Ministry of Chemicals and Fertilizers said in a statement. Over the last decade, India's fertiliser industry has seen steady growth. The total fertiliser production has increased from 385.39 Lakh Metric Tonnes (LMT) in 2014-15 to 503.35LMT in 2023-24. Over the past six years, six new urea plants have become operational across the country. India's total annual consumption of fertiliser in 2023-24 was around 601 LMT. About 503 LMT was produced domestically in India, while 177 LMT came through imports. (ANI)
Deccan Herald
7 days ago
- Business
- Deccan Herald
China loosens urea exports to India in sign of thawing tensions
By Hallie Gu and Pratik has eased curbs on urea shipments to India, in the latest indication of a thaw in tensions between Beijing and New Delhi as US President Donald Trump's trade policies target the two Asian the world's top importer of the crop nutrient, could take as much as 300,000 tons, according to people familiar with the matter. They asked not to be identified as they were not authorized to talk to the media. China is typically a major exporter of the nitrogen-based fertilizer, although it has restricted sales in recent move from Beijing comes in the wake of Trump's latest salvo of trade levies — doubling tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil — which has helped warm ties between China and India. .Relations between the two Asian neighbors hit a low point in 2020, when border clashes left 20 Indian fighters and an unknown number of Chinese soldiers dead. India recently allowed tourist visas for Chinese nationals after years of curbs, and Prime Minister Narendra Modi may meet Chinese President Xi Jinping on the sidelines of a summit in Tianjin starting on Aug. 31. The Ministry of Commerce in Beijing didn't immediately reply to a fax seeking comment. India's Ministry of Chemicals and Fertilizers didn't immediately reply to a request for 2023, almost half of China's exports headed to India. But it halted sales to all destinations last year. Beijing relaxed the ban in June, while keeping its restrictions on India until the volume is small, it could grow into a significant trade flow, and help ease tight global supplies and cool high imported about 5.7 million tons of urea in the fiscal year ended March 31, down almost 20% from a year earlier, according to the Fertiliser Association of India. Purchases from China fell to almost 100,000 tons in 2024-25, compared with 1.87 million tons a year ago, it said. Given India's large, farm-dependent economy and the fact that domestic production falls short of demand, the country relies heavily on imports to bridge the gap and make supplies stable for farmers. Urea is heavily subsidized in the country, with the soil nutrient playing a critical role in boosting yields of key crops.
Mint
13-06-2025
- Business
- Mint
Govt exempts imported medical-grade plastic from quality rules to boost syringe, IV production
New Delhi: The government has exempted pharmaceutical-grade high-density polyethylene (HDPE), a critical raw material used in making disposable syringes and IV cannulas, from mandatory quality certification under the Bureau of Indian Standards (BIS). The move, notified by the Ministry of Chemicals and Fertilizers, aims to prevent supply disruptions in the medical devices sector amid concerns that mandatory BIS norms were slowing imports of EP/USP-grade HDPE. These specialised grades, largely sourced from overseas, are not manufactured domestically at scale and are vital to ensure uninterrupted production of essential medical equipment. Read this | BIS to set standards for online educational courses to enhance content quality, ensure accountability 'Keeping in mind the sensitivity of the raw material required for making syringes, the government has taken this step based on its market intelligence. The industry had also requested it,' a senior government official said. The exemption applies specifically to EP/USP-grade HDPE used in syringe plungers and IV components. It does not extend to use in packaging or other plastic products, which will still require BIS certification. The amendment to the 2022 quality control order was issued by the Department of Chemicals and Petrochemicals and follows consultation with BIS. It omits an earlier clause and adds the new exemption in public interest, according to the notification. Read this | Centre to introduce minimum import price on pharmaceutical raw materials to curb cheap Chinese imports The decision comes amid a steep decline in HDPE imports. According to data from the commerce ministry, HDPE imports fell nearly 42% to $1,151.23 million in FY25 from $1,979.39 million in FY24. Compared to FY23, imports are down 34%, reflecting the impact of regulatory bottlenecks. Industry executives welcomed the move, saying it offers timely relief to manufacturers that depend on imported EP/USP-certified HDPE, particularly for exports to tightly regulated markets. 'This is a practical decision by the government. Any delay or disruption in accessing EP/USP grade polyethylene could have impacted syringe and IV set production, especially amid rising healthcare demand,' said an executive at a medical device exporter. Also read | When India's mushrooming quality orders ran into Trump
