Despite a challenging year for agriculture, Nano-Yield TM achieved a remarkable 25% sales increase in 2024, driven by the success of NanoCoteTM and Aqua-Yield products. The company celebrated its achievements at NanoCon 2024 and looks forward to continued expansion in 2025.
The global nitric acid market is projected to reach US$ 31 billion by 2034, driven by rising demand for fertilizers and increased agricultural production to feed the growing global population. Key factors driving this growth include the use of nitric acid in the production of ammonium nitrate, a crucial fertilizer ingredient, and the growing adoption of nitrogen-based fertilizers. Additionally, investments in CAN manufacturing and rising demand in Asia Pacific are contributing to market expansion.
The 53rd Goods and Services Tax (GST) Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled for Saturday. The meeting will discuss crucial topics like GST rates on fertilizers, online gaming, and telecom, along with potential amendments to the GST law regarding Extra Neutral Alcohol and corporate guarantees.
