India to explore Indigenous Deposits of Phosphatic rock

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