Business News This Week
Russian Delegation calls on Union Minister for Chemicals and Fertilizers
A Russian delegation led by Mr. Rustam Minnikhanov called on Union Minister for Chemicals and Fertilizers, Shri Ananth Kumar here Tuesday. Shri Ananth Kumar said that a Joint Working Group will be formed within a week comprising representatives of all three streams of his ministry, namely, Department of Fertilizers, Department of Chemicals and Petrochemicals and Department of Pharmaceuticals and representatives of Republic of Tatarstan (a subject of the Russian Federation).
The Joint Working Group will cull out issues concerning promotion of trade, strengthening of bilateral relations and exploring possibilities for training and research work for the personnel working in this field.
Earlier welcoming the delegation the Minister said that it is a very meaningful visit and will pave a way for strengthening trade relations in respect of fertilizers, chemicals and pharmaceuticals between India and Republic of Tatarstan.
India looks forward to long-term agreement for import of potash, phosphate and natural gas of which Russia has huge reserves. India has set up a couple of joint ventures in various countries for sourcing finished fertilizers as well as raw materials.
A couple of joint venture projects for setting up urea-ammonia plants and raw materials are planned, the Minister said.
A Russian delegation led by Mr. Rustam Minnikhanov called on Union Minister for Chemicals and Fertilizers, Shri Ananth Kumar here Tuesday. Shri Ananth Kumar said that a Joint Working Group will be formed within a week comprising representatives of all three streams of his ministry, namely, Department of Fertilizers, Department of Chemicals and Petrochemicals and Department of Pharmaceuticals and representatives of Republic of Tatarstan (a subject of the Russian Federation). The Joint Working Group will cull out issues concerning promotion of trade, strengthening of bilateral relations and exploring possibilities for training and research work for the personnel working in this field.
Earlier welcoming the delegation the Minister said that it is a very meaningful visit and will pave a way for strengthening trade relations in respect of fertilizers, chemicals and pharmaceuticals between India and Republic of Tatarstan.
India looks forward to long-term agreement for import of potash, phosphate and natural gas of which Russia has huge reserves. India has set up a couple of joint ventures in various countries for sourcing finished fertilizers as well as raw materials.
A couple of joint venture projects for setting up urea-ammonia plants and raw materials are planned, the Minister said.
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