The government today said it has approved signing of the pact between India and Jordan for mining and beneficiation of rock phosphate and setting up of a production unit in the Arabian state in Western Asia.
The decision on the same was taken by the Cabinet under the Chairmanship of Prime Minister Narendra Modi.
"The Union Cabinet...has approved the signing of a memorandum of understanding (MoU) between India and Jordan for mining and beneficiation of rock phosphate...and setting up production facility in Jordan for phosphoric acid...with a long-term agreement for 100 per cent off-take to India," an official statement said.
The pact will secure consistent supply of raw material, intermediaries and finish phosphatic and potassic fertilisers to cater to the needs of the country at a reasonable price.
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