New Urea Policy 2015
Its main objectives are:
- Increase domestic urea production to decrease reliance on imports and the government’s subsidy burden.
- Encourage energy efficiency to lower carbon footprint and environmentally friendly urea manufacturing. Revisions to the specific energy usage guidelines will accomplish this.
- Make the urea production facility employ the greatest technologies available so it can compete internationally.
- Timely delivery of urea at the same MRP to the farmers.
- Optimizing energy efficiency in the manufacture of urea.
- The subsidy burden on the Government of India is to be rationalized.
The government estimated that the new urea policy will save directly 2618 crore rupees and indirectly 4829 crore rupees. Additionally, it plans to produce 20 lakh additional tonnes of urea annually.
Currently, the government-funded standards for various plants based on their period are different from the actual energy usage of the urea plants. A unit’s profitability increases as its energy efficiency increases. The government has toughened these standards for the ensuing four years with the 2015 New Urea Policy.
The ultimate goal is to get these devices to use as little power as possible in order to receive the most rewards. Because of the new regulations, the industry will not be able to get the same amount of incentives as before, which is positive for the government but slightly bad for the sector. To generate urea effectively, enterprises will need to reduce their energy usage and implement the latest technologies.
Contact Us