The Government has revived its plan to set up a fertilizer plants in Iran. The proposal is to set up a Urea/Ammonia JV Project in Iran with capacity to produce 1.3 MT Urea for import to India. Rashtriya Chemicals & Fertilizers, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., and Gujarat State Fertilizers & Chemicals, have been identified as Indian Companies in the JV.
The Indian companies have appointed SBI Capital to identify the Iranian Partners for the Joint Venture Project. The issue has been taken up with the Iranian Government to accord importance to the project at par with their domestic projects.
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