Fertilizer industry is considered part of eight core industries. But more important is the fact that it provides plant nutrients to agriculture without which agriculture productivity will go down drastically. Therefore, fertilizers are classified as essential commodity. It has always been concern of the government to make fertilizers available to farmers in time and at right price all around the year. Because of such a linkage of fertilizer industry with agriculture, it remains highly regulated. A plethora of acts, regulations, policies and procedures regulate every step of its operation. There is no parallel of fertilizer sector in Indian economy as far as controls are concerned. Industry collects more than 50% of its revenue from the government. It has been performing onerous task of reaching fertilizer subsidy to more than 120 million farmers for last 40 years with no cost to the government.
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