Nepal hikes chemical fertiliser prices to curb subsidies
Nepal’s chemical fertiliser subsidy bill is likely to shoot up to a record Rs38.50 billion this fiscal year as import prices have swelled tremendously.
The Investment Board, Nepal (IBN) and a Malaysian company have signed an agreement for conducting a feasibility study for establishment of a chemical fertiliser factory in Nepal.
Investment Board Nepal (IBN) has signed a memorandum of understanding (MoU) with German-based DIAG Industries GmbH to conduct a detailed feasibility study for the establishment of a chemical fertiliser plant (urea) in Nepal.
Almost all chemical fertiliser purchased from India under the government-to-government procurement process has arrived in Nepal. According to an official of Agriculture Inputs Company Limited (AI
Nepal imported 232 metric tonnes of urea chemical fertiliser from China through the Tatopani transit, says the Tatopani Customs Office.
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