Factory to provide employment to nearly 10,000 people
Hyderabad, January 11, 2008The Union Government has decided to revive the Fertilizer Corporation of India (FCI) Ramagundam's factory which was closed years ago, with an investment of Rs.3,500 crore. The Centre's decision has been conveyed to the State Government by JS Sharma, Joint Secretary in the Ministry of Agriculture through a communication.
Speaking at a press conference, the Minister for Agriculture, N Raghuveera Reddy and MARKFED Chairman P Prabhakar said that the Centre has taken the decision in response to repeated pleas by the State Government to reopen the unit in view of shortage in fertilizers. The factory was partly closed due to heavy expenditure on purchase of Naphtha. The factory will be refurbished with the change of machinery wherever necessary to use gas as fuel instead of naphtha as it is cheaper.
On revival, the Ramagundam unit will provide employment to nearly 10,000 people. The minister announced that the Union Government had agreed to set up a cell to monitor supply of complex fertilizers on the lines of the one functioning for urea. The Union Government agreed to subsidize supply of sulpher.
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