July 24, 2024


Imagination at work

First for India, GSFC starts selling locally-made calcium nitrate to cut imports

In a major thrust for Atmanirbhar Bharat (self-reliant India), substances major Gujarat Point out Fertilizers & Substances Minimal (GSFC) on Thursday started marketing locally designed calcium nitrate — a 100-for every cent imported h2o-soluble fertilizer.

Creating up on its abilities to make caprolactam and its by-solution nitric acid, GSFC identified financial viability to make calcium nitrate at its facility in the vicinity of Vadodara. The first consignments of the locally-designed calcium nitrate and boronated calcium nitrate was sent to Solan in Himachal Pradesh and Bhavnagar in Saurashtra.

Union Minister of Point out for Substances and Fertilisers, Mansukh Mandaviya on Thursday released the solution on the web. “We discovered about 79 substances where import substitution could just take place. Of these, there are 39 substances, where we are 70-100 for every cent dependent on imports. GSFC has discovered 21 such substances to make in India and just take a huge leap to obtain the target of Atmanirbhar Bharat,” the minister stated in his video clip address. “We are scheduling to transfer all fertiliser vegetation in this way and make the fertilizer-based mostly chemical sector self-reliant,” he extra.

Calcium Nitrate is a h2o soluble fertiliser so that vegetation can take in a lot more nutrients. Indian consumes about 1.twenty five lakh tonnes of calcium nitrate value ₹225 crore for every year, which is absolutely imported and about seventy six for every cent of that arrives from China.

Originally, GSFC will develop with capacity of 5,000 tonnes for every annum and just take it to twenty five,000 tonnes in one year. “A new plant has to be set up for this. Step by step, over a interval of a few many years, we hope to include fifty for every cent of India’s market place share in this solution,” Arvind Agarwal, CMD, GSFC, told BusinessLine after the launch.

Of the 21 discovered solutions for the import substitution, five together with the not long ago-released methanol and calcium nitrate will be released before March 2021. “Of these 21 solutions, eleven are pharma and biotech intermediate solutions, one is commodity, one is a fertiliser and the relaxation are chemical solutions,” stated Agarwal.

About the future 30 months, the organization seems to substitute ₹3,000-crore value of imports by these 21 solutions. An approximated ₹2,000 crore of expenditure has been earmarked for it.

For financial viability to face up to Chinese cost competitiveness, GSFC conducted considerable cost examination.

“GSFC has an benefit overs. Our raw product for one plant arrives from a by-solution of an additional plant. In circumstance of calcium nitrate, as a producer of caprolactam, nitric acid is the by-solution for us, which is a major raw product for calcium nitrate. That is how the calcium nitrate cost economics labored for us. We applied such calculations for all solutions,” stated Agarwal.