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India to explore Indigenous Deposits of Phosphatic rock

  • IASbaba
  • July 27, 2021
  • 0
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India to explore Indigenous Deposits of Phosphatic rock

Part of: GS Prelims and GS – III – Economy

Key Takeaways 

  • Currently we are dependent on other countries for raw materials to produce DAP (Di-ammonium Phosphate) and (Single superphosphate) SSP primarily. 
  • India needs to reduce its dependencies on imports.
  • In order to achieve that goal, India shall explore indigenous deposits of Phosphatic rock and Potash and make it available to indigenous industries.
  • Rock Phosphate is the key raw material for DAP and NPK fertilizers. 
  • Currently, India is 90% dependent on imports for this raw material. 
  • Volatility in international prices affects domestic prices of fertilizers. 
  • Import dependence also hinders the progress and development of the agriculture sector in the country and puts extra pressure on our farmers.

News Source: PIB

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