The policy for reimbursement of freight for movement of
phosphatic and potassic (P&K)
fertilizers under the Nutrient Based Subsidy (NBS) Policy and for urea has been
extended to movement by coastal shipping and inland water transportation.
Key Points
The subsidy that was earlier
only applicable to the movement of fertilizer by rail from the plant or the port to
various rake points in various districts, will now also apply to the movement
of fertilizers through
coastal shipping and inland waterways.
This would
promote transportation of fertilizers through coastal shipping under the Ministry of Shipping's flagship
programme Sagarmala. The demand for fertilizer has grown along with the demand
for food.
Currently India imports 28
MMT of finished fertilizers and raw materials with Andhra Pradesh, Gujarat and
Odisha being the biggest
clusters.
Kakinada, Mundra and Kandla will
continue to be the largest finished fertilizer importing ports, while Paradip,
Kandla and Vishakhapatnam will be the largest fertilizer raw material—importing ports. Fertilizers
constitute about 2% of the total cargo handled at ports in India.
Subscribe now union bank of india previous year question papers
