Why in News?
The Cabinet Committee on Economic Affairs (CCEA) approved the National Investment Policy for Urea-2026 (NIPU-2026) to encourage new investment in urea manufacturing.
Key Points
Nodal Department: Department of Fertilizers; aims at self-sufficiency in urea under Atmanirbhar Bharat.
Financial framework: Return on Equity (RoE) band of 12% floor to 16% ceiling; fixed and variable costs separated for transparency.
Savings: Estimated savings of over ₹250 crore per plant compared to the earlier NIP-2012 policy.
Coverage: Applies to revamp, expansion, revival/brownfield, and greenfield urea projects.
Exam Connect
CCEA → chaired by the Prime Minister → decides investment and economic policy matters