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India: Fertiliser industry seeks ‘sovereign fund’ to buy production assets abroad

Posted on 10 December 2012

Fertiliser makers want the Centre to create a ‘sovereign fund’ that can enable Indian firms set up joint ventures and acquire production assets abroad. This is to ensure long-term supply of nutrients and raw materials at reasonable prices.
“It is for the Government to decide the size of the fund. But given the capital costs of over $1.1-1.2 billion for a 10-lakh-tonne (lt) a year potash plant, it could start with that sum and then expand gradually,” R. G. Rajan, Chairman, Fertiliser Association of India (FAI) and CMD of Rashtriya Chemicals and Fertilisers (RCF), said………………………………………..Full Article: Source

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