17 January, 2021

Objections Overruled

The opposition to the proposed mega fertiliser project comes from within the government as well

Objections Overruled
outlookindia.com
-0001-11-30T00:00:00+05:53

Prime Minister's Office

  • Deal not beneficial to India
  • No justification for going ahead with the project
  • Project should be scrapped (Objections raised by a Group of Secretaries headed by secretary to the PM, N.K. Singh)

    Finance Ministry

  • Fixed long-term price of urea under compulsory offtake not linked to international prices
  • Not in keeping with proposed fertiliser policy
  • No compensation for Oman’s failure to supply natural gas

    Planning Commission

  • Project not financially viable by all accepted assessing norms
  • Capital cost higher than that of similar Indian projects
  • Revamp domestic units rather than sign risky deals
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