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

Antonio condemns recent Houthi attacks on Saudi civilians

Next Story

Oldest Yoga Guru receives Padma Shri

Latest from Arab News

Arab powerhouses plan future together

The UAE and Saudi Arabia reaffirmed their deep strategic partnership at the third “Retreat of Resolve”, advancing shared visions for regional stability, innovation, and sustainable development….reports Asian Lite News The UAE Ministry

World Court slams Israel

The International Court of Justice says Israel must uphold human rights and ensure humanitarian aid reaches Palestinians, adding moral pressure on Tel Aviv amid Gaza’s worsening crisis….reports Asian Lite News The International

Saudi ends Kafala system

Saudi Arabia scraps its decades-old Kafala sponsorship system, freeing 13 million migrant workers from restrictive employment controls and marking a major step towards fairer labour rights under Vision 2030….reports Asian Lite News

Arab world blasts Israel’s annexation bid

Arab and Muslim nations unite to denounce Israel’s West Bank annexation bills, citing international law and ICJ rulings, as Israel freezes legislation amid global diplomatic pressure. A broad coalition of Arab and

US pressures Israel on West Bank

Arab and Muslim countries, which the US has been courting to provide troops and money for a stabilization force in Gaza have warned that annexation of the West Bank is a red
Go toTop

Don't Miss

UK plans cheaper, easier visas for Indians as it eyes trade deal

UK Ministers believe a trade deal with Delhi would provide

Kharge condemns Modi’s ‘Mujra’ remark

The Prime Minister gathered wide criticism from the opposition leaders