Thursday, 3 May 2012

Creation of Cost-Effective Fertilizer Production Facilities Abroad

As per the information available with the Department of Fertilizers, IFFCO is pursuing the strategy of promoting production facilities abroad. In this connection, IFFCO has signed an agreement with JPMC for setting up of a Joint Venture Project namely Jordan-IFFCO Company (JIFCO), for production of Phosphoric acid and sulphuric acid. The project is likely to be completed by the year 2013. IFFCO has also taken stake in the rock mines in Anne Basin in Australia and has entered into a ‘Principles of Off-take Agreement’ with Legend International Holdings of Australia to undertaken joint mining of rock phosphate along with an assured three million MT annual off-take. However, it would take few years to start production from the project. IFFCO has also entered into a joint venture with M/s Grow Max Agri Crop, Canada for potash exploitation in Peru. 

Given that IFFCO is not under administrative control of the Government of India, Department of Fertilizers is not aware of the MOU signed by IFFCO with any of the countries so far. However, IFFCO has not signed MOUs with the respective Governments in any of the countries mentioned in above para. 

The projects mentioned above may result into assured supply of the respective fertilizer/raw materials, to our country. 

This information was given by the Minister of State for Chemicals and Fertilisers, Shri Srikant Kumar Jena in a written reply in the Lok Sabha today. 

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