Situated near Allahabad in Uttar Pradesh , IFFCO Phulpur complex has two production units – Phulpur unit-I and Phulpur unit-II and is the world’s largest fertilser complex based on naphtha as feed stock.
MD was apparently happy with the performance of his team at Phulpur as was evident from his tweet “ Our phulpur unit has performed well the employees are working hard and the plant is saving energy and enviro. Very happy. #iffco.
He also used the occasion to inaugurate a biofertilizer unit. “Inaugurated the semi automated #iffco biofertiliser unit today produces #azetobactor & #phosphobacteria, he tweeted.
On this occasion he also interacted with media men and said that Iffco is not scared of foreign competition. Rather we believe competition would benefit us if reputed manufacturers from abroad set up their units in the country, reported Economic Times.
Competition is always beneficial to those who are competitive”, the Managing Director said.
He was responding to a query relating to the probability of major players from abroad entering the fertiliser sector as part of the “Make in India” campaign and its possible impact on IFFCO which produces 36 per cent of the country’s total stock of phosphatic fertilisers and 21 per cent of nitrogenous fertilizers, the newspaper reported.
Awasthi, however stressed on the urgent need for a new fertiliser policy which only would enable us to reach our target of 18 lakh tonnes for this financial year without incurring losses. Last fiscal saw us suffering a loss of Rs. 30 crore, ET concludes.