20 July 2010 10:03 [Source: ICIS news]
MUMBAI (ICIS news)--The Indian government is expected to frame a new investment policy which would allow it to restart eight closed fertilizer plants, a source from the Ministry of Chemicals and Fertilizers said on Tuesday.
An empowered group of ministers (EGoM) was expected to meet towards the end of July to work out the new investment policy for the closed urea plants, he said.
The policy would be ready for cabinet approval in a couple of months, the source added.
The plants include Barauni, Talcher, Ramagundam, ?xml:namespace>
The government was considering various options including open bidding and public private partnership to revive the plants, he added.
The EGoM was also expected to decide on the fertilizer industry’s demands for additional natural gas feedstock supply from the KG D6 fields, the source said, but did not provide further details.To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|