Deepak C. Mehta, MD, DNL & DFPCL: Industry at large will benefit

Capitalmarket.com - March 01, 2002

Hike in fertilizer prices by 5% and reduction of equivalent subsidy is a move in the right direction

Deepak C. Mehta, Managing Director, Deepak Nitrite Ltd. and Deepak Fertilizers and Petrochemicals said, "The proposal to hike fertilizer 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 consumption that will have a positive impact on fertilizer industry."

Back To News