<div>The Indian government plans to set up a urea plant in Iran to ensure long term availability of the fertilizer, Chemicals and Fertilizers Minister Ananth Kumar said on Friday.</div><div> </div><div>"In order to ensure long term avialability of urea in the country, the government is facilitating setting up of a urea/ ammonia joint venture project in Iran with capacity to produce 1.3 million tone urea for import to India," he said in Rajya Sabha.</div><div> </div><div>A consortium of Indian companies - Rashtriya Chemicals and Fertilizers, Gujarat State Fertilizers and Chemicals and Gujarat Narmada Valley Fertilizer and Chemicals - have appointed SBI Caps for advisory and due diligence services to identify a prospective Iranian JV partner.</div><div> </div><div>"The project is in a consultation stage to identify an Iranian JV partner," Kumar said in a reply during Question Hour.</div><div> </div><div>India imports about 8 MT of urea to meet its total requirement of 30 MT. Urea is most widely used fertilizer in the country.</div><div> </div><div>(With imput from PTI)</div>
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