Indian Potash signs MoU with Israel Chemicals to get supply of Muriate of Potash

Indian Potash signs MoU with Israel Chemicals to get supply of Muriate of Potash
Indian Potash signed an MoU with Israel Chemicals to get the supply of Muriate of Potash (MOP) for the period 2022 to 2027 with a yearly quantity of 6 to 6.5 LMT

Indian Potash Limited (IPL), under Department of Fertilizers, Government of India signed a memorandum of understanding (MoU) with Israel Chemicals Limited (ICL) for the supply of Muriate of Potash (MOP) for the period 2022 to 2027 with a yearly quantity of 6 to 6.5 LMT in the presence of Dr. Mansukh Mandaviya, Union Minister of Chemicals and Fertilisers today in Nirman Bhawan, New Delhi.

Speaking on the occasion, Madaviya said, “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 the fertiliser sector so that it benefits the farming community. The Indian Government is committed to increase the agricultural production and income of farmers with judicious use of fertilisers.” Adding that he sought cooperation of Israeli side in improving usage of alternate environment-friendly fertilisers.

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Congratulating on the signing of MoU, the minister said, “It is an important step towards increasing the availability of Muriate of Potash in the country. This will further propel the agriculture production in the country thereby improving the lives of the farming community. It has been a matter of great satisfaction that Israel Chemicals Limited has also been working with Indian Potash Limited in operating a project titled ‘Potash for Life focused on achieving higher fertiliser use efficiency’ with an aim to increase the income of farmers.”

Elad Aharonson, Global President, Israel Chemicals applauded the association of his company with India through Indian Potash and said that Israel Chemicals would 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.

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