Boosting Local Economy and Agricultural Innovation
LUCKNOW (India CSR): The Indian Farmers Fertiliser Cooperative (IFFCO), one of India’s largest manufacturers of chemical fertilizers, has made a significant investment of Rs 638 crore in establishing nano fertilizer production plants in Uttar Pradesh. This strategic investment is poised to bring substantial economic benefits to the region, generating over 600 new jobs and enhancing infrastructure facilities around the manufacturing units.
Expanding Production Capabilities
With the support of Invest UP, the investment promotion agency of the Uttar Pradesh government, IFFCO is not only expanding its production capabilities but also implementing innovative agricultural practices across 201 cluster villages in the state.
This initiative is designed to promote the use of nano fertilizers, particularly Nano Urea Plus (liquid), among farmers, aiming to boost crop productivity and sustainability during the current Kharif season and the upcoming Rabi season.
Commercial Operations Begin
IFFCO has already commenced commercial operations in its two newly established manufacturing units, located in Aonla (Bareilly) and Phulpur (Prayagraj).
The Bareilly unit, developed with an investment of Rs 318 crore, and the Phulpur unit, with an investment of Rs 320 crore, together create a daily production capacity of 400,000 bottles of Nano Urea Plus (liquid).
These plants are expected to meet the growing demand for high-quality fertilizers and contribute to the agricultural growth of Uttar Pradesh.
Strategic Importance of Uttar Pradesh
IFFCO’s Managing Director, US Awasthi, highlighted the strategic importance of Uttar Pradesh as an investment destination. “Uttar Pradesh holds great potential for investment due to its farmer focus, productive land, and variety of crops.
IFFCO’s quality products enjoy customer loyalty and are always in high demand. Our export plans are currently on a trial basis, with products being sent to more than 34 countries, including Sri Lanka, Brazil, and the USA,” Awasthi said.
Support from Invest UP
The role of Invest UP has been pivotal in facilitating this expansion. Awasthi emphasized, “Invest UP has been instrumental in creating a robust and supportive environment for industrial growth. Its forward-thinking policies and proactive facilitation have contributed to attracting investments and fostering a thriving business ecosystem in the state.”
Policy Incentives
The incentives provided under the Uttar Pradesh Investment & Employment Promotion Policy-2022 have significantly boosted IFFCO’s investment plans.
The policy has played a key role in encouraging the expansion of nano fertilizer production facilities in Uttar Pradesh, leveraging the state’s large agricultural base, newly developed superhighways, inland waterways, and improved road networks.
These infrastructure advancements have considerably enhanced the non-rail transportation of goods, making Uttar Pradesh an ideal location for IFFCO’s expansion.
Benefits of Nano Fertilizers
Highlighting the advantages of nano fertilizers, Awasthi explained, “Nano fertilizers like Nano Urea Plus (liquid) are used to provide sufficient nitrogen to plants and are a sustainable option for farmers, helping them achieve better crop yields. Nano urea is applied as a foliar spray, facilitating efficient absorption and penetration of nitrogen into the leaves and reaching specific plant parts. It has much higher nutrient use efficiency compared to conventional urea.”
You learn
- IFFCO’s investment in Uttar Pradesh marks a significant step towards modernizing agriculture in the state, providing farmers with advanced tools to increase productivity and sustainability.
- With robust support from the state government and strategic initiatives like the promotion of nano fertilizers, Uttar Pradesh is set to become a leading hub for agricultural innovation in India.
(India CSR)
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Nano Urea Liquid Fertilizer – Purpose, Applications and 8 Benefits Explained (indiacsr.in)
