Industry at large will benefit
Deepak C Mehta, MD, Deepak Fertilizers and Petrochemicals
The proposal to hike fertiliser prices by 5 per cent and reduce equivalent subsidy is a move in the right direction, as it would reduce dependence from subsidies.
It appears that the ERC recommendations of Group Concession Scheme will replace the present policy for urea.
In the long run the industry will become efficient and industry at large will benefit. This will make more competitive.
Reforms in agro sector will also increase fertilizer comsumption that will have a positive impact on fertilizer industry.
Powered by 
YOU MAY ALSO WANT TO READ:
The Rediff Budget Special
The Rediff-Capital Market Budget Analysis
More Budget Stories
Money
