India, Israel sign MoU for fertiliser supply

March 22, 2022

Amid possible shortage and cost escalation due to Ukraine-Russia conflict, companies from India and Israel on Monday signed an MoU for the supply of muriate of potash (MOP) for five years…reports Asian Lite News

The MoU between Indian Potash Ltd (IPL), under the Department of Fertilisers, Ministry of Chemicals and Fertilisers, and Israel Chemicals Ltd (ICL) will be for the period 2022 to 2027 with a yearly quantity of 6 to 6.5 LMT.

The MoU would prove beneficial in view of the affected supply chain of potash due to the Ukraine-Russia war and escalating cost of potash and other fertilisers supplied from that region.

“India and Israel share an extensive economic, defence, and strategic relationship based on mutual trust and cooperation. Agriculture sector in India has huge potential and provides ample opportunities to collaborate and innovate. India and Israel should work together in the field of research in fertiliser sector so that it benefits the farming community,” Indian Chemicals and Fertilisers Minister Mansukh Madaviya said on the occasion.

ALSO READ: Israeli PM to visit India on April 2

The Indian government is committed to increase the agricultural production and income of farmers with judicious use of fertilisers, he said and sought cooperation of Israeli side in improving fertilisers use, and use of alternate environment friendly fertilisers, a release from the Ministry said.

Israel Chemicals Ltd Global President Elad Aharonson hailed the association of his company with India through Indian Potash Ltd. “Israel Chemicals Ltd will be glad to be associated with the efforts being made in India and willingness to develop a deep association for improved technologies, logistics and application in the area of downstream fertilisers,” he said.

Previous Story

Antonio condemns recent Houthi attacks on Saudi civilians

Next Story

Ishtaye: Israel undermines chances of establishing Palestinian state

Latest from Arab News

Khamenei rebukes Trump

Khamenei said Iran had triumphed over the US and downplayed the impact of the strikes on the country’s nuclear infrastructure Iran’s Supreme

Khamenei threatens more strikes

Iran’s supreme leader rebukes Trump’s ‘surrender’ remark, warns of repeat attacks on US bases and Israeli targets. In his first public appearance

Iran thanks Indians for support

Embassy in New Delhi thanked citizens, political parties, and activists as Iran reels from Israeli-US strikes on nuclear sites The Iranian Embassy

Don't Miss