The Union Cabinet has approved the National Investment Policy for Urea (NIPU-2026) to set up 8-9 new gas-based plants with a total capacity of 10 million tonnes. This aims to make India self-reliant in urea, reducing imports that currently cover the gap between domestic production (30 MT) and demand (40 MT). The policy tweaks the 2012 NIP with better cost transparency, assured RoE (12-16%), and forex risk mitigation, potentially saving ₹250 crore per plant.
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- ›Policy Name: National Investment Policy for Urea (NIPU-2026)
- ›New Capacity Target: 10 million tonnes
- ›Target this Data: Current urea production 30 MT, demand 40 MT, imports 10 MT, new capacity addition 10 MT under NIPU-2026.
- ›Target this Nodal Body: Ministry of Chemicals and Fertilizers (Department of Fertilizers) is the implementing ministry.
- ›Target this Policy: NIPU-2026 – National Investment Policy for Urea, replacing/supplementing NIP-2012.
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