Centre to set-up Rs. 6,000 crore urea plant in Karnataka

by news
March 25, 2015

Bengaluru: Union Chemicals and Fertilizers Minister Ananth Kumar along with Agriculture Minister Radha Mohan Singh inaugurated the ‘Horti Sangam 2015’ organised by the Horticulture Department of Karnataka at Lalbagh in Bengaluru on January 9.

Addressing farmers after formally launching the KRIBHCO’s neem coated urea at a programme organised in the University of Agricultural Sciences-Bengaluru here, the minister announced that the Centre was keen to set up a urea manufacturing unit in Karnataka with an investment of about Rs. 6,000 crore.

The Centre had written a letter to Chief Minister Siddaramaiah seeking 500 acres of land for locating the proposed fertilisers’ unit with a capacity of 1.3 million tonnes, he informed.

The chief minister had responded positively by promising to give not only land, but also 10 percent equity with respect to the project, moreover the land would be be given near the Bidadi-Dhabol gas pipeline as it would run on gas, he added.

He further said that the Centre would take steps to revive the Mangalore Chemicals & Fertilisers Limited that has been closed.