While presenting the General Budget 2012-13 in LokSabha the Union Finance Minister, iPranab Mukherjee informed that various steps have been taken by the Government to finalize pricing and investment policies for urea.
Mukherjee said that for potassic-phosphatic (P&K) fertilizer, use of Single Super Phosphate (SSP) will be encouraged through greater extension work. The Finance Minister informed that as the fertilizer is manufactured entirely in the domestic sector, enhance production will bring down the country’s dependence in P&K import. Furthermore, he stated that with the implementation of the investment policy in this sector, it is expected that the country will become self-sufficient within the next five years.
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