The Committee of Secretaries (CoS) recently finalised a draft proposal on bringing urea under the Nutrient Based Subsidy (NBS) policy, that would seek to rationalise the subsidy payout structure. The Empowered Group of Ministers (EGoM) is now set to take a final call on this move, and would also consider the proposal to free urea prices from government control.
Commenting on the expectations from the EGoM, Suresh Krishnan, the managing director of Zuari Industries says, he is pinning on a positive announcement on the NBS in the present quarter.
The fertilizer manufacturing company in FY11, saw fertiliser sales going up considerably to Rs 7,400 crore, which is a growth of nearly 25%. Krishnan says, "the FY12 volumes are expected to grow at a minimum of 10%." Below is a verbatim transcript of Suresh Krishnan
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