In a major press for Atmanirbhar Bharat (self-reliant India), chemicals major Gujarat Point out Fertilizers & Substances Limited (GSFC) on Thursday started out advertising regionally designed calcium nitrate — a one hundred-for every cent imported h2o-soluble fertilizer.
Creating up on its abilities to make caprolactam and its by-solution nitric acid, GSFC observed financial viability to make calcium nitrate at its facility near Vadodara. The 1st consignments of the regionally-designed calcium nitrate and boronated calcium nitrate was sent to Solan in Himachal Pradesh and Bhavnagar in Saurashtra.
Union Minister of Point out for Substances and Fertilisers, Mansukh Mandaviya on Thursday introduced the solution on the net. “We recognized about seventy nine chemicals where by import substitution could consider place. Of these, there are 39 chemicals, where by we are 70-one hundred for every cent dependent on imports. GSFC has recognized 21 these kinds of chemicals to make in India and consider a big leap to attain the objective of Atmanirbhar Bharat,” the minister claimed in his video handle. “We are scheduling to move all fertiliser plants in this course and make the fertilizer-primarily based chemical sector self-reliant,” he additional.
Calcium Nitrate is a h2o soluble fertiliser so that plants can soak up additional vitamins and minerals. Indian consumes about one.twenty five lakh tonnes of calcium nitrate truly worth ₹225 crore for every 12 months, which is entirely imported and about 76 for every cent of that will come from China.
To begin with, GSFC will make with capability of five,000 tonnes for every annum and consider it to twenty five,000 tonnes in a person 12 months. “A new plant has to be established up for this. Steadily, over a time period of a few years, we hope to go over fifty for every cent of India’s sector share in this solution,” Arvind Agarwal, CMD, GSFC, told BusinessLine just after the launch.
Of the 21 recognized products for the import substitution, 5 which include the a short while ago-introduced methanol and calcium nitrate will be introduced prior to March 2021. “Of these 21 products, 11 are pharma and biotech intermediate products, a person is commodity, a person is a fertiliser and the rest are chemical products,” claimed Agarwal.
About the following 30 months, the business appears to substitute ₹3,000-crore truly worth of imports by these 21 products. An believed ₹2,000 crore of investment has been earmarked for it.
For financial viability to stand up to Chinese price competitiveness, GSFC performed substantial price examination.
“GSFC has an advantage overs. Our raw materials for a person plant will come from a by-solution of one more plant. In scenario of calcium nitrate, as a producer of caprolactam, nitric acid is the by-solution for us, which is a major raw materials for calcium nitrate. That is how the calcium nitrate price economics labored for us. We applied these kinds of calculations for all products,” claimed Agarwal.