Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) said it plans to set up a Nano Urea Liquid production plant in Argentina in partnership with the Cooperative Confederation of Argentina (Cooperar) and Instituto Nacional de Asociativismo y Economia Social (INAES).
The three parties have entered into a Memorandum of Understanding (MOU) to analyse the feasibility of setting up the plant with mutual collaboration, according to a June 23 press release by IFFCO.
They will also explore the possibility of cooperation in trade and investment in areas of mutual interest, including agrochemicals and agricultural inputs to achieve sustainable development, the Indian cooperative said.
IFFCO launched Nano Urea Liquid on May 31 (GM June 4, p. 32), and started production of the new product in India earlier this month. The cooperative said it has conducted some 11,000 farmer field trials with Nano Urea Liquid.
Last week, IFFCO inked an MOU with Brazil’s national confederation of cooperatives, the Organization of Brazilian Cooperatives (OCB), for setting up a Nano Urea fertilizer plant in that Latin American country with mutual collaboration (GM June 18, p. 31).