Compared to last decade, recent developments in the Fertiliser sector have been very promising. Implementation of Nutrient Based Subsidy for Complex fertilisers and recent increase in Urea prices after 7 years clearly reflects the commitment of the government in reforming the sector.
Going forward, we expect more advances to take place concerning the Urea policy, like new investment policy with lower cap linked to gas price and phase wise implementation of Nutrient based subsidy in Urea.
Constructive policy changes should lead to massive investment in the sector and we believe that Fertiliser sector will be the flavour of this decade.