The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India and Jordan for mining.
The Cabinet also approved beneficiation of Rock Phosphate and Muriate of Phosphate (MOP) and other important raw materials for the production of potassium based fertilizers with a long-term agreement for 100% off-take to India.
The MoU would ensure a consistent supply of raw material, intermediaries and finish Phosphatic and Potassic (P&K) fertilizers to cater to the needs of the country at a reasonable price.
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