Fertilizer plant in Iran: Govt looks for a partner

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.

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