Potash ltd - Latest News Update, Information, Photos & Videos on Potash ltd at Lokmat Times

New Delhi, March 21 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.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.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.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Potash Ltd, NewsFOLLOW

Potash ltd, Latest News

International :Indian, Israeli companies sign MoU for fertiliser supply

New Delhi, March 21 Amid possible shortage and cost escalation due to Ukraine-Russia conflict, companies from India and ... ...