Objections Overruled

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

Outlook Web Desk

Updated on: 5 February 2022 11:10 pm

Updated on: 5 February 2022 11:10 pm

Getting your Trinity Audio player ready...

Objections Overruled

Objections Overruled

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 Omans 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

Tags