Nano Fertiliser is world news now. It is big and fantastic news and it’s a matter of pride not only for India, Indian but also for the world, as the first time in the world, Indian Farmers Fertiliser Cooperative Limited (IFFCO) “World Biggest Cooperative” finally made it possible under the direction of visionary leader Dr Awasthi who is a stalwart and great personality of Indian Fertilisers Industry.
As understood that the man behind DBT and mFMS / iFMS in Fertiliser is also Dr Awasthi who has contributed a lot and given numerous show to then Indian Minister of Agriculture and Minister of Chemicals & Fertilisers. FMS has changed the entire fertiliser business scenario in India. Today monitoring and tracking of availability of fertilisers across the country is on a government-owned platform of iFMS.
The introduction of Nano fertiliser has forced India and the world to change their thinking on production and utilization of conventional Fertilisers and given a new horizon of “Future of Fertiliser Industry” and “Urea Fertiliser Industry by 2031”.
Dr Awasthi vision for “ATMA NIRBHAR BHARAT” has given a clue to Fertiliser Industry stakeholders and decision-makers to think differently on the revolution in the fertiliser industry for the benefit of India and Indian farmers whose sweat is eradicating hunger from the world and ensuring food security for everyone.
A urea bag of 45 kg would be replaced by a 500 ml Nano urea bottle @INR 240 per bottle, which is 10% lower than 45 kg of urea bag and will also reduce the subsidy, input, storage and logistics costs.
Production of Nano urea is beneficial both for farmers and the Government of India as GOI pay urea subsidy approximately @US $ 200 per ton and will save subsidy by around US $ 2.88 billion which is 27% of the total fertiliser subsidy budget and will also increase crop yields by 8% that means farmers will get the benefit of around US $ 10 to 12 per hectare.
IFFCO will start mass production at the Kalol plant this month, followed by 2 more units at Aonla and Phulpur in phase 2 with a capacity of 180 million bottles every year and aiming to achieve the production capacity of 320 million bottles every year.
This will replace 14.4 million tons use of conventional urea, every year, which is equivalent to 11 new urea plants.
Nano urea will not only save subsidy but also help India for “ATMA NIRBHAR” and fill the gap between urea production and consumption in India.
Nano urea will change the entire Urea Industry in India and globally, in the long run, as India manufacture around 24 million tons and imports around 10 million tons every year. It will also impact international Urea price as India is the world biggest importer of urea.
The introduction of Nano urea has also left few questions which are to be answered.
India currently producing around 24 million tons of urea every year. What will happen to exist Urea manufacturing units? Will all these conventional urea manufacturing units also opt for Nano urea technology?
India is importing around 10 million tons of urea every year as a key player in the global urea market. What will happen in the global urea market, after Nano urea technology plants start in India?
India Government has taken a great initiative to increase indigenous urea production and to attract new investment in urea for “ATMA NIRBHAR BHARAT” by introducing various urea policies from time to time. Will the Indian government continue to encourage new investment in conventional urea manufacturing urea projects or think to promote Nanotechnology future of urea?
Will Agrochemical MNCs enter this segment or government will allow MNCs to enter Nano urea market?
Will it increase supply and competition in the market?
Will urea will soon decontrol in India, after Nanotechnology urea?
Will it profitable for investors to enter Nanotechnology urea?
Time will clear all these queries and decide the future of the Indian fertiliser industry but Fertiliser Industry stakeholders will have to think about this.
Today Nano urea has introduced, tomorrow is for technology which allows crop or soil to get nitrogen directly from the atmosphere which is available 78.09% in the atmosphere.