Agriculture is poised to be the keystone for economic growth and social development in India. More than 30 percent of Asia’s irrigated land is in India. The country has the highest proportion of arable land as compared to USA and China. However, this land is underutilised. Israel produces US $5.8 million in agriculture output per square kilometre of arable land, while India produces just US $88,000. This means there is a huge untapped potential to be harnessed. With corporate involvement and the implementation of technology and modern methods of farming, farmers will be able to reap rewards.
The Indian fertiliser industry has played a pivotal support role in the Indian agricultural industry. The growth in the use of chemical fertilisers amongst farmers has been the secret of the nation’s so called green revolution of the late sixties. The main fertilisers used in the state include phosphate based fertilisers, nitrogenous fertilisers, and complex fertilisers. Today India is the third largest fertilizer producer in the world.
There are three major players in the Indian fertiliser industry namely the government owned public sector undertakings, private sector units and cooperative societies. The Government of India subsidises fertilisers to ensure that fertiliser is easily available to farmers and the country remains self-sufficient in agriculture and food grain production. This is achieved by controlling the price of the fertiliser and the amount of production.
The Indian Fertiliser Association is a body that coordinates with the Government of India to ensure that the government’s macro-economic objectives for Indian agriculture are met.