The government of India is looking for an Iranian partner to set up a fertiliser plant with an investment
of over Rs 5,000 crore in the Persian Gulf nation, according to media reports.
India had nominated state-run Rashtriya Chemicals and Fertilisers (RCF), Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) and Gujarat State Fertilisers Corporation (GSFC) for the proposed 1.3 million tonnes urea plant.
A delegation from India will soon visit Iran, a source said.
The plan is to set up a urea joint venture plant at Chahbahar in Iran, using natural gas as feedstock, which is abundant in the Persian Gulf nation.
