Jordan, India discuss cooperation in investments, fertilizer industry

shahennews

 Minister of Investment, Khairy Amr, met in New Delhi with Indian Minister of Fertilizers on ways of bilateral cooperation between Jordan and India in the investment fields, especially with regard to phosphate fertilizers.

In the meeting, attended by Chairman of the Board of Directors of the Jordan Phosphate Mines Company (PLC), Mohammad Thneibat, Amr voiced Jordan’s readiness to provide possible facilities for Indian investments, and to bring Indian experts for this purpose, indicating that Jordan enjoys distinguished and historical relations of cooperation with India.

Also in the meeting, Thneibat highlighted relations of cooperation and investment in the field of phosphate fertilizers between the PLC and a number of Indian companies, and the volume of fertilizers exports and crude phosphates to India, which amounted to more than 3 million tons last year.

He also asked the Indian Minister to reconsider customs duties paid by Indian companies for phosphate fertilizers, which are being imported from Jordan, calling for Indian investors to treat the PLC, similar to other tax-exempt countries, with regard to importing fertilizers and phosphates from them.

For his part, the Indian minister lauded the deep partnership and cooperation relations between Jordan and India in this field, which extend for more than 25 years.

He reaffirmed the Indian government’s keenness to prioritize Jordan in importing phosphates and fertilizers, and increasing investment in this aspect, voicing readiness to address stakeholders to reconsider customs duties and take the appropriate decision in this regard.

Concluding the meeting, Amr and Thneibat invited the Indian minister to visit Jordan and examine the PLC’s investments and projects, and to visit joint ventures between Jordanian and Indian sides.

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