A high-level delegation led by Mansukh Mandaviya visited Jordan recently with the objective of securing fertilizers and raw materials, both for short and long term. This visit came in the backdrop of the ongoing global fertilizer crisis, says a government release.
Mandaviya stated that the Jordan visit proved to be path breaking in terms of ensuring supply of Phosphatic and Potassic fertilisers to India. MOUs were signed with Jordan Phosphate Mining Company (JPMC) for supplies of 30 LMT Rock Phosphate, 2.50 LMT DAP, 1 LMT phosphoric acid for the current year with the Indian public, cooperative and private sector companies.
India has also signed a long-term MOU for 5 years with Jordan for annual supplies of 2.75 LMT of MoP which will uniformly increase every year up to 3.25 LMT, he added. “These supplies will be crucial for assured fertiliser supply for the ensuing cropping seasons in India”, the Union Minister highlighted.
During the meetings Mandaviya mentioned Jordan as India’s preferred partner for the fertilizer sector. Given that the two countries have a long history of trade relationships and people to people contact, Mandaviya highlighted the need to strengthen this association especially during these challenging times for the fertilizer sector.
With a thrust to secure additional quantities for the Indian market, Jordan was requested to take the lead in announcing India specific terms for supply of fertilizers and to consider additional production capacities in Jordan with India as a target prime market.
Jordan highlighted their keenness for further investments in Jordan especially by Indian companies. While appreciating the experience of existing joint ventures with IFFCO and equity partnerships of companies like IFFCO & IPL in JPMC, it was recognized that the Indian partners are strategic partners which have contributed all possible technical, financial, and marketing support in promoting capacity building within Jordan.
This was acknowledged as one of the reasons for the turnaround of JPMC. With this experience, the Jordan Minister mentioned that not only the Indian investment is welcomed but it will also be given priority treatment in Jordan.
As for specific incentives on the trade front, Jordan appreciated that India being the largest buyer of phosphatic and potassic fertilizers, preferential treatment would be given. Both sides agreed to work on this aspect and draw a clear roadmap through the Joint Committee in a time-bound manner.