In a country where more than half the workforce is employed in agriculture and allied activities, it isn't surprising that demand for fertilisers is seen as a barometer of farm growth. The fertiliser industry, critical to sustaining and increasing food production, is regulated to a large extent by the central government. For fertiliser makers, this means disproportionate dependence on subsidy pay-outs from the government.
The recent announcement of additional subsidy under the Atmanirbhar Bharat Package 3.0 included in the revised budget estimate for the current fiscal will clear off most of the arrears of fertiliser companies.
But is this a step towards major policy change or reform?
Could more such moves be in the offing?
To discuss, CRISIL is organising a webinar, where its experts will present their views on:
Impending policy changes or reforms and the likely impact on the sector dynamics
Impact of the clearing of subsidy arrears on the credit profiles of players and credit outlook
Profitability outlook for both urea and complex fertiliser segments
Impact of higher raw material prices on the subsidy arrears in fiscal 2022
Demand outlook, especially on the sustenance of high demand growth
The presentations will be followed by a panel discussion with experts from the industry and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
