Question : UREA PRODUCTION



(a) whether foreign investors are not interested to invest in urea production in the country ; and

(b) if so, the details thereof and the reasons therefore?

Answer given by the minister


THE MINISTER OF STATE IN THE CHEMICALS & FERTILIZERS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS ( SHRI B.K. HANDIQUE )

(a) & (b): The details of country-wise break-up of Foreign Direct Investment (FDI) proposals received by the Government during the period from January 2003 to December 2005 in the fertilizer sector is given in the Annexure. The total inflows of FDI to the sector during this period has been Rs.180.51 crores.

Annexure referred to in reply to part(a) & (b) of Lok Sabha Unstarred Question No.1024 to be answered on 27.02.2006

STATEMENT SHOWING COUNTRY-WISE BREAK-UP OF FOREIGN DIRECT INVESTMENT (FDI) PROPOSALS RECEIVED BY THE GOVERNMENT DURING THE PERIOD FROM JANUARY 2003 TO DECEMBER 2005 IN THE FERTILIZER SECTOR.

S.NO.	NAME OF THE COUNTRY	AMOUNT OF	%AGE OF INFLOWS	FOREIGN DIRECT	INVESTMENT (FDI) INFLOWS
1. Australia 19.89 11.02 2. Canada 0.20 0.11 3. Mauritius 45.77 25.36 4. Nigeria 3.85 2.13 5. South Africa 19.84 10.99 6. U.K. 0.10 0.06 7 U.S.A. 1.05 0.58 8. MORACCO 69.97 38.76 9. TUNISIA 19.84 10.99 GRAND TOTAL 180.51

Note- 1. Amount includes the inflows received through SIA/FIPB route, acquisition of existing shares and RBI`s automatic route only.