World biggest cooperative IFFCO has signed MoU with Rashtriya Chemicals and Fertilisers and National Fertilisers Limited to transfer the nano urea technology for commercial production, without any royalty.
Nanotechnology in fertilizer would be a game-changer for the country in the field of agriculture and a step towards self-sufficiency in fertilizer, in India, which will give a boost to the vision of the Indian Prime Minister for “ATMA NIRBHAR BHARAT”.
This step of IFFCO would change “The Future of Fertilizer Industry” in India and globally, as India manufactures urea around 24 million tons and imports around 10 million tons every year. It would reduce the use of urea by 50% and the gap between urea production and consumption in India. It would also impact international Urea prices as India is the world biggest importer of urea.
IFFCO has started mass production at the Kalol plant and manufactured 0.828 million nano urea bottles till 25th July 2021. IFFCO also has to produce nano urea in their Aonla and Phulpur plant 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.
Indian government support to nanotechnology, IFFCO MoU for transfer of nano urea technology, with government fertilizer companies will boost nano urea production in India and will also help in faster adoption of nano urea by farmers, which would result in savings to farmers and government subsidies. It would also reduce handling, storage, and transportation costs as it is easy to handle and carry by farmers.
Nano urea would not only save subsidy but also help India for the “ATMA NIRBHAR BHARAT” Vision of the Indian Prime Minister.
