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Rabat – Morocco’s Cherifien Phosphates Office (OCP) and Indian Krishak Bharati Limited (Kribhco) will launch the construction of a fertilizer factory the Andhra Pradesh state, south of India.
Morocco’s phosphates are gaining more market share. Expected to be the world’s first phosphates exporter by 2020, OCP seeks to boost its fertilizer production in Asia.
This new partnership of a USD 230 million investment aims to develop OCP and India’s fertilizer production through the construction of a new unit with a yearly production capacity of 1.2 million tonnes of fertilizer.
Moroccan Minister of Equipment, Transport, and Water Logistics, Abdelkader Amara, said that “Morocco and India are working together on four economic projects,” one of which will be established in India.
Amara, who leads a Moroccan delegation in a work visit to India from December 14-21, told Maghreb Arab Press agency (MAP) that this unit “will further boost the economic bilateral relations between the two countries.”
Mohamed Malki, Morocco’s ambassador to India said that “the architectural studies for this project are underway,” specifying that the fertilizer factory should be operational by June or July 2018.
During the visit, Amara held talks with several senior Indian officials, including the Minister of State for Foreign Affairs, Mubasher Jawad Akbar, as well as the Ministers of Health and Family, Railways and Transport, Highways and sea freight.
These meetings were concluded by the signing of bilateral agreements and memoranda of understanding in several sectors, particularly in the field of health and the fight against epidemics, telemedicine, railways, roads, port infrastructure and water resources.
