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Cabinet approves MoU between India and Jordan for mining and beneficiation of Rock Phosphate & MOP and setting upproduction facility in Jordan

Capital Market

Last Updated : Mar 01 2018 | 2:04 PM IST

The Union Cabinet chaired by Prime Minister Shri Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between India and Jordan for mining and beneficiation of Rock Phosphate & MOP and setting up production facility in Jordan for Phosphoric Acid/DAP/NPK Fertilizers with a long term agreement for 100% off-take to India.

The MoU would ensure consistent supply of raw material, intermediaries and finish P&K fertilizers to cater to the needs of the country at a reasonable price.

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First Published: Mar 01 2018 | 1:49 PM IST