SME Times - Foreign Assistance For Fertilizers Companies, Government Not Issued Guidelines to Obtaining Foreign Assistance For Fertilizers Companies, Foreign Assistance For Indian Fertilizers Companies

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SME Times News Bureau | 06 May, 2010
The Government has not issued any specific guidelines in regard to obtaining foreign assistance and collaboration by the fertilizers companies, says minister in Lok Sabha today.

The Minister of State for Chemicals and Fertilisers, Srikant Kumar Jena has informed this in Lok Sabha today.

However, the Investment Policy announced by the Department of Fertilizers on 4th Sept. 2008 provides framework for setting-up of Joint Ventures abroad in Urea sector.

Following Indian Fertilizers entities have taken foreign assistance/collaboration during 2008-09 and 2009-10:

Indian Farmers Fertilizer Cooperative Limited (IFFCO) has obtained consultancy services from M/s Haldor Topsoe, Denmark in the year 2008-09 and 2009-10 for its kalol Expansion Project. The consultancy services include the pre-project activities related to Ammonia Plant including preliminary design, cost estimation etc.

Following Indian entities have obtained permission from the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry for import of Technology.

Krishak Bharati Cooperative limited (KRIBHCO) on 1.5.2009 has been granted permission for collaboration with M/s. Kellogs Brown and Root International Inc., USA and with SAIPEM S.P.A. Italy for revamping of its existing ammonia and urea plant at Surat, Gujarat for increase in Plant capacities.

Matix Fertilizers and chemicals Limited has been granted permission on 5th April 2010 for the agreement for Technology Transfer with M/s. SAIPEM S.P.A. Italy for setting up of a new Urea unit at Burdwan, West Bengal and with Kellogs Brown and Root International Inc., USA for setting up of a new Ammonia Unit at Burdwan, West Bengal.