Cabinet approves changes in power, fertiliser policies | business-news | Hindustan Times
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Cabinet approves changes in power, fertiliser policies

The said amendment is expected to boost indigenous urea production in the country, an official statement said.

business Updated: Mar 31, 2017 21:08 IST
Raj Kumar Ray
A view of the Parliament building in New Delhi.
A view of the Parliament building in New Delhi.(HT Photo)

The Union cabinet on Friday approved changes in the power and fertiliser policies to attract higher investment from private players and boost supplies.

The cabinet committee on economic affairs, chaired by Prime Minister Narendra Modi, cleared amendments in the New Urea Policy (NUP) of 2015, to allow production beyond reassessed capacity.

The said amendment is expected to boost indigenous urea production in the country, an official statement said.

The cabinet also approved changes in mega power policy to enable private players to put in competitive bids for power projects.