THE GOVERNMENT ANNOUNCED NEW INVESTMENT POLICY (NIP) - 2012 ON 2ND JAN. 2013 AND ITS AMENDMENT ON 7TH OCT. 2014 TO FACILITATE FRESH INVESTMENT IN THE UREA SECTOR AND TO MAKE INDIA SELF-SUFFICIENT IN THE UREA SECTOR

India, Feb. 4 -- The Government of India issued the following news release:

With regard to Urea, the Government had announced New Investment Policy (NIP) - 2012 on 2nd January, 2013 and its amendment on 7th October, 2014 to facilitate fresh investment in the urea sector and to make India self-sufficient in the urea sector. Total 6 new urea units have been set up under NIP-2012 which includes 4 urea units set up through Joint Venture Companies (JVC) of nominated PSUs and 2 urea units set up by the private companies. The units set up through JVC are Ramagundam urea unit of Ramagundam Fertilizers and Chemicals Ltd (RFCL) in Telangana and 3 urea units namely Gorakhpur, Sindri and Barauni of Hindustan Urvarak & Rasayan Limited (HURL) in Uttar P...