Question : SUBSIDY FOR REVIVAL OF CLOSED FERTILIZER UNITS



(a) Whether the Government has declined to provide subsidy for the revival of closed Public Sector Fertilizer Units;

(b) if so,the reasons therefor;

(c) Whether the Government has chalked out any plan to raise funds for the revival of closed Public Sector Fertilizer Unit;and

(d) if so,the details thereof and the target of the capital proposed to be raised?

Answer given by the minister


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

(a) to (d) Pursuant to the Government`s decision to examine the feasibility of reviving the closed units of FCIL and HFCL subject to the confirmed availability to gas,all options for financing the revival of individual,units are being explored,including revival with 100% equity participation by Public Sector/Cooperatives,without budgetary support.The detailed proposals regarding source of funds for revival of each unit will be worked out once the model for financing of revival of each unit is finalized.