9APRIL, 2024ASIAMANUFACTURINGREVIEW.COMAs a result of a significant push for domestic manufacture, India would no longer import urea by the end of 2025, according to Chemicals and Fertilizers Minister Mansukh Mandaviya. The minister stated that fertilizer supply is critical to Indian agriculture in a conversation with PTI.According to him, chemical fertilizers have been used in the nation for the past 60­65 years in an effort to increase agricultural yield.The government is currently working to promote alternative fertilizers like nano liquid urea and nano liq-uid di-ammonium phosphate (DAP), according to Man-daviya.When asked how the Modi administration intends to eliminate urea import reliance, Mandaviya said that there are two strategies in place to achieve self-suffi-ciency in urea manufacturing.The minister emphasized that in addition to restart-ing one facility, the government has brought four shut-tered urea factories back to life.After the fifth plant is put into service, Mandaviya predicted that the country's urea production capacity will reach about 325 lakh tonnes annually. The goal is to replace the 20­25 lakh tonnes of traditional urea with nano liquid urea."We have a very clear agenda. "Modiji will eliminate the nation's urea import reliance by the end of 2025," he declared, adding that urea import costs will drop to zero.In 2020­21, 91.23 lakh tons were imported; in 2019­20, 74.81 lakh tons were imported; and in 2018­19, 98.28 lakh tons were imported.Mandaviya emphasized that throughout the past ten years, the Modi administration has made sure that the agriculture industry has a sufficient supply of fertilizers.Nonetheless, the Nutrient Based Subsidy (NBS) Scheme covers all P&K fertilizers (DAP, MOP, and NPK) under an Open General License (OGL), and the fertilizer businesses import them on conditions that are profit-able for them. Intel's CEO played down the billions of dollars the once-dominant chip maker lost the previous year, saying the business was in the midst of a historic comeback to restore American leadership in producing the tiny circuits that drive contemporary devices."I am looking for individuals who are dedicated to the strategic endeavor of reconstructing the most recognizable technological business in American history, as well as those who are developing long-term manufacturing capabilities for the digital future, which will be increasingly vital to all facets of human existence, national security, and the economy. That's the kind of investor I want," stated seasoned engineer Patrick Gelsinger.Gelsinger spoke at a gathering hosted by the New York City-based think group Council on Foreign Relations.This week, Intel said that its chip manufacturing division will have an operational loss of US$7 billion in 2023, with losses expected to peak this year. Consequently, Intel's stock ended the day on Wednesday down 8%.Noting that only one of the three businesses "on the planet" is a Western company capable of producing cutting-edge semiconductors, Gelsinger went on to say that "rebuilding the Western supply chains of the world" would prove advantageous in the years to come."In that industry, we anticipate breaking even in 2027. and then become quite successful," he stated of the business strategy. In response to Asian competitors, Gelsinger stated that "part of the problem is we have to significantly overinvest to get back to competition". INDIA WILL CEASE UREA IMPORTS BY THE END OF 2025INTEL CLAIMS ITS $7 BN LOSS WAS APT TO REGAIN AMERICAN'S LEAD IN CHIP MANUFACTURING
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