By R.K. Srivastava and Sunil KulkarniPublished Jan. 31, 2019 12:00:00By Sunil Srivathakshmi and R.R. SinghPublished Jan 25, 2019 05:45:00India’s government-owned Bihar has a $8-billion project in China, but the $3.6-billion bid for it by the country’s state-run Rashi Development Project is expected to go through.
The deal, which has been in the works for months, will allow the $2.7-billion plant in Rajasthan to produce about 200 million metric tons of fertilizer and other fertilizer products annually.
The plants will produce roughly the same amount of fertilizer as the current production capacity of the world’s second-largest fertilizer producer, China.
The Indian government has pledged to give Rashi about $2 billion in subsidies.
The Bihar facility will be the second of the Bihar India expansion plans, following the $7.2-billion expansion of the Bishkek plant in Turkmenistan.
The Rashi plant will have a similar capacity.
Bihar is the second major Indian fertilizer plant to be set up by the Chinese government after the $1.8-trillion Biogas project in Turkmensistan, which was approved in November.
Biomass is the main source of fertilizer for India, which produces around one-third of the planet’s total supply.
It can be used in almost all industrial and agricultural processes, including fertilizer production.
India has been importing the fertilizer for decades, and the government hopes that Bihar’s development will boost the countrys domestic fertilizer market.