The Union Cabinet approved the National Investment Policy for Urea-2026 (NIPU-2026) on July 15 to boost domestic gas-based urea production and reduce import dependence under Atmanirbhar Bharat. The policy introduces a return on equity band (12%-16%), separates fixed and variable costs, and addresses forex risk — a key shift from the 2012 policy. For UPSC, this is a high-yield topic linking agriculture subsidies, fertilizer policy, and industrial regulation.
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- ›Approval Date: July 15, 2026
- ›Policy Name: National Investment Policy for Urea-2026 (NIPU-2026)
- ›Target this Data: NIPU-2026 approved on July 15, 2026; RoE band 12-16%; 33 urea plants; 269.42 LMT capacity
- ›Target this Nodal Body: Department of Fertilizers (under Ministry of Chemicals and Fertilizers)
- ›Target this Legal Point: Fertiliser Control Order (FCO) regulates agricultural urea; NIP-2012 vs NIPU-2026 comparison
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