On February 10, 2021, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister (PM) Narendra Modi has approved Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) for the strengthening of it’s urea manufacturing units.
- This approval has been made on the lines of the proposal of the Department of Fertilizers, Ministry of Chemicals and Fertilizers (MoC&F).
Why has this grant been made?
BVFCL is India’s first gas based urea manufacturing unit equipped with relevant infrastructure and feedstock availability. But due to their old technology it is becoming difficult to attain reasonable production level from the existing units in a cost effective manner. Therefore, to overcome this scenario there is a need to replace certain equipment and machineries for which an estimated expenditure will be of Rs.100 crores. For this purpose the Grant-in-aid has been made and to ensure the safe, sustainable and economic operation of the plants.
How will this grant be beneficial?
This grant will restore the urea production capacity of 3.90 Lac MT per annum and ensure timely availability of Urea to Tea Industry & Farming Sector in the entire North Eastern region specially Assam.
- It will also continue the existing employment of about 580 employees on a permanent basis and another 1500 persons on ad-hoc basis.
- Further, 28000 people get benefits indirectly by this establishment thereby strengthening the Atma Nirbhar Bharat campaign.
Recent Related News:
i.The CCEA has approved industrial corridor nodes at Andhra Pradesh’s Krishnapatnam and Karnataka’s Tumakuru under Chennai-Bengaluru Industrial Corridor (CBIC) and Multi Modal Logistics Hub and Multi Modal Transport Hub (MMTH) at Greater Noida, Uttar Pradesh.
ii.CCEA has approved a modified scheme to enhance ethanol distillation capacity in the country for producing 1st Generation, 1G ethanol from feed stocks such as cereals like rice, wheat, barley, corn and sorghum and sugarcane, sugar beet etc.
About Ministry of Chemicals and Fertilizers (MoC&F):
Union Minister– Devaragunda Venkappa Sadananda Gowda(Constituency – Bangalore North(Karnataka))
Minister of State (MoS)– Mansukh Mandaviya(Rajya Sabha Member – Constituency – Gujarat))