Background
Global economic growth of India is mounting at a faster rate. The demand for fuel efficiency, environmental quality and energy security have stimulated an attention to promote sustainable energy development feasible to meet the rapidly increasing demand in transportation fuels, as well...
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With the ongoing Iran war in West Asia and the blockade of the Strait of Hormuz, a route that carries nearly 70% of India’s urea imports, New Delhi is quietly rewriting its sourcing strategy. The new plan is to diversify fertiliser imports by ramping up purchases from Indonesia, Belarus, Morocco, Jordan, Russia and China ahead of the crucial kharif sowing season starting June.
The move reflects India’s heavy dependence on global supplies. The country is the world’s largest importer of Diammonium Phosphate (DAP) and urea and the second-largest fertiliser consumer. Until now, much of this supply came from West Asia, with Oman dominating urea shipments and Saudi Arabia leading DAP exports to India.
Experts say diversification is both strategic and necessary.
Read more here.