March 22, 2022
1 min read

India, Israel sign MoU for fertiliser supply

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

Pandemic severely affected education system, says Minister

Next Story

Oldest Yoga Guru receives Padma Shri

Latest from Arab News

GAZA IS HUNGRY

The humanitarian crisis in the Gaza Strip continues to deteriorate as the Israeli blockade enters its third consecutive month, severely restricting the entry of food, water, and essential supplies to the coastal

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

Iran Calls on India to Break Sanctions Barrier 

Calls grow louder from Iran’s industry leaders for India and international bodies to mediate financial and shipping barriers imposed by Western sanctions.  Top Iranian manufacturers are appealing to India and global organisations

India, Saudi Hold Inaugural Army Staff Talks 

A key highlight of the talks was the exploration of collaboration in operational logistics, battlefield management systems, and niche technologies.  The inaugural Army-to-Army Staff Talks (AAST) between the Indian Army and the
Go toTop

Don't Miss

India to toughen stand with UK, Canada over Sikh radicals

The political leadership in both UK and Canada have been

Champions Return

Top-most of those cherished moments will be when Rohit Sharma