The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Jordan for mining and beneficiation of Rock Phosphate and Muriate of Potash (MOP) and setting up production facility in Jordan for Phosphoric Acid, Diammonium phosphate (DAP), nitrogen (N), phosphorus (P) and potassium (K) fertilisers with a long term agreement for 100 percent off-take to India.
The MoU would ensure consistent supply of raw material, intermediaries and finish P&K fertilisers to cater to the needs of the country at a reasonable price, the Ministry of Chemicals and Fertilizers, Government of India, has informed through a press release on Wednesday.
