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Pragmatic fertiliser policy needed for 4% farm growth: FAI

The Fertiliser Association of India today demanded a pragmatic policy framework to encourage use of fertilisers, which it said was essential for realising the target of four per cent growth in agriculture.

By: PTI | New Delhi |
November 28, 2006 3:08:14 am

The Fertiliser Association of India today demanded a pragmatic policy framework to encourage use of fertilisers, which it said was essential for realising the target of four per cent growth in agriculture.

“The acid test of the new fertiliser policy would be its ability to attract new investment and ensure availability of fertilisers to facilitate a four per cent growth in agriculture,” FAI chairman U.S. Jha told reporters.

He said the new policy should be drawn keeping long term perspective of decontrol within a definite time frame. Jha said domestic industry, vital for ensuring food security, is suffering from a “state of uncertainty” in the absence of any long term pragmatic national fertiliser policy.

The new fertiliser policy, which was to be implemented from April this year, could not be finalised till now for one reason or the other.

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“This has put long term business and investment decisions on hold,” FAI director general B.K. Saha said.

He said non-revision of prices of phosphoric and MOP has halted the capacity expansion of many players.

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First published on: 28-11-2006 at 03:08:14 am

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