Government tried to protect farmers as fertilizer prices soared in world markets due to pandemic and war: PM

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Prime Minister Narendra Modi said on Saturday his government had tried to ensure the country’s farmers were not affected, even as fertilizer prices in international markets soared due to the pandemic and the war. underway in Ukraine.

Virtually opening an Indian Farmers Fertilizer Cooperative Ltd (IFFCO) ‘nano-urea’ plant in the district, he said eight more such plants will be set up, and they can reduce our dependence on abroad and save money.

The Prime Minister addressed the ‘Sahkar Se Samruddhi’ conclave of cooperative entities at the Mahatma Mandir auditorium here. He virtually inaugurated the IFFCO factory at the same event. “With the liquid urea plant, the power of a full bag (50 kg) of urea is passed into a half-liter bottle, which has resulted in enormous savings in transport and storage. The factory will produce around 1.5 lakh of 500ml bottles per day,” he said, adding that eight more such factories will be set up in the country.

“It will reduce foreign dependence on urea and save the country money. I am convinced that this innovation will not be limited to urea. In the future, other nano-fertilizers will be available for our farmers,” he said.

Nanotechnology will be crucial in achieving the goal of Atma-nirbharata (self-reliance), the prime minister said. “Over the past two years, the cost of fertilizers has risen sharply in international markets due to the coronavirus shutdown. The war (in Ukraine) has restricted the availability of fertilizers on the international market and this has further increased prices,” Modi said.

“Despite the difficulties due to the international situation resulting from the COVID-19 pandemic and more recently the Russian-Ukrainian war, which increased costs and made procurement difficult, the government has tried to ensure that it will deal with difficulties without letting farmers be affected,” he added.

A bag of urea costing Rs 3,500 is made available to the farmer for Rs 300 while the government bears a cost of Rs 3,200 per bag, he said.

Similarly, for each bag of DAP (diammonium phosphate), the government bears a cost of Rs 2,500 against Rs 500 borne by previous governments, Modi said.

”The Union Government provided a subsidy of Rs 1,60,000 crore last year for fertilizers. This year, this grant will be more than Rs 2 lakh crore,” he said.

”We should ask ourselves if, in the 21st century, we should keep our farmers dependent on international situations. Shouldn’t the hundreds of thousands of rupees that are sent abroad (for importing fertilizers) be made available to farmers? Shouldn’t we think of a permanent solution to reduce the rising cost of farmers due to expensive fertilizers?’” he said.

His government has worked to provide immediate and long-term solutions to the problems facing the country, he said, citing improving health infrastructure to cope with future pandemic shocks, “Mission Oil Palm” to tackle edible oil supply issues, biofuel and hydrogen projects to address fuel issues and pressure on natural agriculture and nanotechnology.

“Large-scale investments in nanotechnology are the result of the same effort. Encouraging farmers to adopt natural farming is also part of the same permanent solution,” he said.

“The solution to many of India’s difficulties lies in self-reliance. A cooperative is an excellent model of autonomy,” said the Prime Minister. Mahatma Gandhi and Sardar Vallabhbhai Patel have shown the way to bring self-sufficiency to villages, and in the same spirit, his government is moving on the path of developing model cooperative villages, Modi said. Six villages in Gujarat have been chosen for this, he added. The dairy, sugar and banking sectors are examples of the success of the cooperative revolution, the Prime Minister said, adding that it had spread to other areas as well.

Cooperative dairies are a way to strengthen the rural economy, he added.

“If we see greater rural prosperity, then cooperatives linked to the dairy sector are a big reason for that,” he said.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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