NEW DELHI: Indian Fertiliser companies have signed an MoU with Canpotex, Canada one of the largest Potash suppliers globally. The Indian companies are Coromandel International, Chambal Fertilizers, and Indian Potash Limited.
Chemicals and Fertilizers Minister Dr Mansukh Mandaviya said, the MoU will reduce both supply and price volatility and ensure a stable long-term supply of Potassic fertilizer to India. He said, the Canpotex company will supply up to 15 Lakh tonnes of Potash annually for a period of three years to the Indian Fertilizer companies.
He said, this supply partnership is expected to improve the fertiliser availability within the country and reduce supply side and price vulnerabilities. The Minister said, the government has been encouraging the domestic fertilizer industry for establishing supply linkages through long-term partnerships with resource-rich nations. These partnerships will provide secured availability of fertilizers and raw materials over a period of time and also offer price stability in volatile market conditions.
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