India expects to boost oil imports by early 2021 , thanks to increased domestic production , according to India Ratings and Research . The country currently imports 6 million metric tonnes ( tonnes ) per year , but a new domestic capacity of about 6.35 million mt per year is expected to come online thanks to the New Investment Policy , which sets out to invest $ 8.7bn by opening mothballed fertiliser plants and constructing gas pipelines . The five plants expected to be revived under the plans include Talcher , Gorakhpur , Barauni , Ramagundam and Sindri , which each have a capacity of about 5 million mt per year .
India expects to halt urea imports by March 2021, thanks to increased domestic production, according to India Ratings and Research. The country currently imports 6 million metric tonnes (mt) per year, but a new domestic capacity of about 6.35 million mt per year is expected to come online thanks to the New Investment Policy, which sets out to invest $8.7bn by opening mothballed fertiliser plants and constructing gas pipelines. The five plants expected to be revived under the plans include Talcher, Gorakhpur, Barauni, Ramagundam and Sindri, which each have a capacity of about 1.27 million mt per year.