India signed a Memorandum of Understanding (MoU) with Syria for long term cooperation and setting up of joint venture plants in Syria in phosphate sector. The MoU was signed by the Secretary (Fertilizers) Shri Sutanu Behuria and the Syrian Minister of Petroleum and Natural resources in Syria.
Syria is one of the countries, which has proven reserves of rock phosphate, estimated to 1700 million Metric Ton. Syria will gain immensely by exploiting its natural resources by way of employment and foreign exchange. India will also gain since it will enable Indian mining and fertilizer companies to set up phosphatic projects in Syria. This would provide certainty of supply of phosphatic fertilizers to Syria.
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