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Centre's focus is to bring down the cost of gas which is a key component for production of urea. Information from official sources indicated that bids, some of which stood at more than $30
At present, the capacity of Nano urea is 50 million bottles per year
The commissioning of new plants is expected to bring down import dependency to less than half the current levels
The Chemicals and Fertilisers Minister said the prices of fertilisers have dropped in the international market and hoped that rates would further decline in the next six months
A higher margin to dealers will help in smooth implementation of the Direct Benefit Transfer of fertiliser subsidy