ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

Bengaluru: Foundation stone for IFFCO's nano urea unit laid, CM Bommai terms technology as "farmers' friend"

New Delhi [India] July 16 (ANI): The foundation stone for Indian Farmers Fertiliser Cooperative's (IFFCO) nano urea plant, which will mainly cater to the needs of the southern Indian markets, was laid in Bengaluru.

ANI Jul 16, 2022 15:05 IST googleads

IFFCO lays foundation for nano urea unit in Bengaluru

New Delhi [India] July 16 (ANI): The foundation stone for Indian Farmers Fertiliser Cooperative's (IFFCO) nano urea plant, which will mainly cater to the needs of the southern Indian markets, was laid in Bengaluru.
The foundation stone was laid by the Chief Minister of Karnataka Basavaraj Bommai in presence of Union Minister of Chemicals and Fertilizers Mansukh Mandaviya at Hi-tech Defence and Aero Space Park, 2nd Phase, Naganayakanahalli, Devanahalli, Bengaluru Rural District, an official statement said on Saturday.
A total of 12 acres plot has been allotted to IFFCO by the government of Karnataka.
Addressing the gathering, the chief minister thanked the Union government for choosing the state for the important project, and termed nano urea technology as a "farmers' friend".

The nano urea is a revolution in the agriculture sector as it has the potential to reduce storage space and money while improving the crop yield. Nano urea is termed as the greatest innovation in the field of agriculture after the high-yielding seeds technology of the 1970s, which brought about the green revolution in India.
Besides improving crop yields, nano urea will be instrumental in reducing the subsidy burden on the government as it is aimed at reducing the usage of highly subsidized traditional urea.
The plant is expected to be completed in 15 months, said U. S. Awasthi, Managing Director of IFFCO. It will produce nearly 5 crore bottles per annum for the farmers of Karnataka and south India, which is equivalent to 5 crore bags (22.5 lakh MT) of conventional urea.
Besides improving crop yields, nano urea technology also enables a safe, clean, and green environment and better soil health.

"It will also reduce the urea import as it is gradually replaced. Nano Urea can be sprayed using drones, which will reduce time, increase efficiency, and will be beneficial for the health of both farmers and the soil. Nano DAP is also in the trial stage, and India is about to become self-sufficient in fertilizers," the statement added.
This is a great leap forward in realizing Prime Minister Narendra Modi's dream of doubling the farmers' income and will be a great step for the cooperative sector as the innovation is led by a farmers' cooperative with farmers' interest at the core of its business philosophy, it added. (ANI)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.