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Indian Fertilizer industry will become self-reliant by 2014


Govt. of India is planning to revive its eight closed fertilizer plants by pumping a whopping Rs.32000 crores. Currently, India faces a shortages in fertilizers which is plugged by imports, which costs the govt. a huge subsidy bill. The fertilizer costs is always on the rise. Now, Brahmaputra fertilizer plant will start producing nutrients though it will book loss. The cabinet also approved a proposal to revive HFCL Barauni plant by Kribhco and Rashtriya Chemical Fertilizers
 
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