Reports are coming in from Namrup that the BVFCL fertilizer factory will shut down its operations in the coming days. The fertilizer company located in Namrup, Assam is reportedly staring into the abyss after losing more than Rs 100 crore in recent years. Therefore, it is speculated that Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) is likely to shut down in the coming days. Brahmaputra Valley Fertilizer Corporation Limited is a public sector company based in Namrup, Assam, currently staring into the abyss. However, BVFCL is the only fertilizer manufacturing company operating in North East India. Please continue reading this article and learn more important information about The Brahmaputra Valley Fertilizer Corporation Limited.
Namrup BVFCL News
The fertilizer manufacturing company faces a similar fate to that faced by Assam’s Nagaon and Cachar based paper mills. News of Brahmaputra Valley Fertilizer Corporation Limited emerged during the ongoing monsoon session of parliament discussed the same and revealed the shocking facts about the fertilizer manufacturing unit operating in Namrup of Assam. Recently, an MP from the Congress party named Gaurav Gogoi questioned Parliament about reviving the fertilizer company. Meanwhile, India’s Minister for New and Renewable Energy responded. Scroll down the page and read what India’s Minister of State for New and Renewable Energy responded to Gaurav Gogoi’s question on the revival of Brahmaputra Valley Fertilizer Corporation Limited.
Bhagwanth Khuba, who is the minister of state for new and renewable fertilizer plants, NITI Aayog chaired the meeting of the group of officials and recommended the closure of the fertilizer manufacturing company. The meeting also recommended the closure or privatization of other nominal public companies. This is the reason why the future of Brahmaputra Valley Fertilizer Corporation Limited has now become clear. The Namrup-based fertilizer company could close in the coming days. Scroll down the page and read more details.
However, Prime Minister Narendra Modi announced the creation of a fourth plant at Brahmaputra Valley Fertilizer Corporation Limited during his 100-day economic analysis. In addition, the state chief minister Himanta Biswa Sarma had also expressed his enthusiasm to set plans for the fertilizer plant, but the fourth plant of the fertilizer factory never came to fruition. The first and second floors of the fertilizer factory have already closed. The third plant that produces 600 to 700 metric tons of fertilizer daily is the only hope for regional farmers in the dark.
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Source: vtt.edu.vn