Reassigning priority to the fertiliser industry in domestic gas allocation may help the government save up to ₹23,000 crore in fertiliser subsidy, the Fertiliser Association of India (FAI) has said.
Replacing every million standard cubic metre per day (mmscmd) of imported liquefied natural gas (LNG) with domestic gas can cut down the urea subsidy bill by ₹870 crore, said FAI Director-General Satish Chander here.
“If the entire requirement of the urea industry is met through domestic gas, the urea subsidy will go down by more than ₹23,000 crore per annum,” he added.
Chander was briefing the media on the eve of FAI’s annual seminar, an event that will see industry captains and experts from all over the world deliberate on ways to make the Indian fertiliser industry viable and vibrant. Read More