India approves National Investment Policy 2026 to create 10 million tonne new urea capacity

In a significant move to boost domestic fertilizer production, the Union Cabinet of India has approved the National Investment Policy 2026. This strategic plan is designed to establish a fresh domestic urea manufacturing capacity of 10 million tonnes. The decision aims to reduce dependency on imports and enhance self-sufficiency in the agricultural sector, ensuring a steady supply of this critical input for farmers across the nation. The policy outlines incentives for the private sector to invest in the urea industry, with a focus on modernizing existing plants and developing new facilities. By fostering innovation and efficiency, the government seeks to make India a key player in the global fertilizer market. Additionally, the initiative is expected to generate employment opportunities and contribute to the economic growth of regions hosting these new facilities. Experts believe that this policy will not only stabilize domestic urea prices but also align with India’s broader environmental goals by encouraging sustainable practices in fertilizer production. The government’s commitment to enhancing agricultural productivity through such investments underscores its focus on ensuring food security and supporting the livelihoods of millions of farmers nationwide.

— Authored by Next24 Live