The Indian Farmers Fertiliser Cooperative (IFFCO), one of India’s largest chemical fertilizer manufacturers, has made a significant investment of Rs 638 crore to establish nano fertilizer production plants in Uttar Pradesh. Substantial economic benefits are expected to be brought to the region by this strategic move, with over 600 jobs being created and infrastructure around the manufacturing sites being improved.
Expanding Production and Innovation
With support from Invest UP, the investment promotion agency of the Uttar Pradesh government, IFFCO is not only enhancing its production capabilities but also promoting innovative agricultural practices in 201 cluster villages across the state.
The initiative is aimed at encouraging the use of nano fertilizers, particularly Nano Urea Plus (liquid), among farmers to increase crop productivity and sustainability during the current Kharif season and the upcoming Rabi season.
Commercial Operations Launched
Commercial operations have been commenced by IFFCO at its two new manufacturing units in Aonla (Bareilly) and Phulpur (Prayagraj).
The Bareilly plant, built with an investment of Rs 318 crore, and the Phulpur plant, with an investment of Rs 320 crore, together offer a daily production capacity of 400,000 bottles of Nano Urea Plus (liquid).
These facilities are expected to meet the rising demand for high-quality fertilizers and contribute to the agricultural growth of Uttar Pradesh.
Strategic Significance of Uttar Pradesh
IFFCO’s Managing Director, US Awasthi, highlighted the strategic importance of Uttar Pradesh as a prime investment destination. “Uttar Pradesh offers significant potential for investment due to its focus on farmers, fertile land, and diverse crops.
IFFCO’s quality products are highly valued by customers and are always in demand. Export plans are currently being tested, with products being shipped to over 34 countries, including Sri Lanka, Brazil, and the USA,” Awasthi stated.
Invest UP’s Role
Awasthi also noted the crucial role of Invest UP in this expansion, stating, “Invest UP has been pivotal in fostering industrial growth by creating a supportive environment. Its progressive policies and proactive facilitation have been instrumental in attracting investments and building a vibrant business ecosystem in the state.”