FAI's Annual Seminar Starts Today; More than 1200 Delegates Expected to Participate

The Fertilizer Association of India (FAI) is going to conduct its Annual Seminar 2019 on 'New Approach to Fertilizer Sector’ from 2nd to 4th December at Hotel Andaz, Aerocity, and New Delhi, followed by a technical session over the next two days and a closing session on 4th December 2019.

More than 1200 delegates are expected to participate in the international seminar, including 150 foreign delegates where around 19 papers will be presented by eminent speakers during the seminar which will include policymakers, industry veterans and experts from national and global institutions.

Moreover, the fertilizer industry body FAI has expressed concern over the delay in payment of subsidy arrear that has reached Rs 33,691 crore and is estimated to reach Rs 60,000 crore by the end of this fiscal. As per reports, the Fertiliser Association of India (FAI) Director-General Satish  Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting the liquidity of manufacturers.

As per the information provided by 25 fertilizer companies, FAI said, a total of Rs 33,691 crore dues are pending as of November 1, 2019.

India is going to overtake China, the world's most populous country by 2027, and by 2050, India's population will be 170 crores (1.7 billion). By the year 2050, the requirement of foodgrain production will be 400 million tons against the current 285 million tons, says the press release of FAI.

Thus, the food security of the growing population will continue to be an important agenda for our country. By the year 2050, total fertilizer nutrient requirements are approximately 60 million tonnes (including 45 million tonnes of chemical fertilizers and 15, compared to the current 34 million tonnes of nutrient use (including 27 million tonnes of chemical fertilizers and 7 million tonnes of organic and organic fertilizers). A million tonnes are organic and organic fertilizers), said reports.

The payment due to fertilizer companies was calculated based on the receipt of material in the district. Now, with the introduction of DBT, this goalpost has been shifted to point of sale,” said Satish Chander, Director General, and Fertilizer Association of India.