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• Prime Minister Narendra Modi inaugurated and dedicated to the nation the Hindustan Urvarak & Rasayan Ltd (HURL) fertilizer plant in Barauni. • Hindustan Urvarak & Rasayan Ltd (HURL) fertilizer plant in Barauni developed at more than Rs 9500 crore, the plant will provide affordable urea to farmers and lead to an increase in their productivity and financial stability. • This will be the fourth fertilizer plant to be revived in the country. Also Know: • Barauni Fertilizer Plant of Hindustan Urvarak & Rasayan Limited (HURL) started urea production in Oct 2022. • The state-of-the-art gas based Barauni Plant is part of the initiative taken by the Government to revive the closed urea units of Fertilizer Corporation of India Ltd. (FCIL) and Hindustan Fertilizers Corporation Ltd (HFCL) in order to achieve self-sufficiency in urea sector. • HURL, incorporated on 15th June, 2016 is a Joint Venture Company by Coal India Limited (CIL), NTPC Limited (NTPC), Indian Oil Corporation Limited (IOCL) and FCIL/HFCL mandated to revive Gorakhpur, Sindri and Barauni units with an estimated investment of Rs. 25,000 crores.
Mahalanobis model is –
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Comparative advantage is based on
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Market failure is the inability of
