Bilateral trade between India and Russia has reached a record high of nearly $70 billion, driven primarily by Russian oil and fertilizers exports as well Indian pharma products, thus reflecting the growing scope of economic ties between the two countries, a senior Indian government official said.
Abu Dhabi-based fertilizer producer Fertiglobe is studying plans to set up an integrated phosphate complex in Ain Sokhna region of Egypt. The complex will boast a production capacity of 1.3 million tonnes of diammonium phosphate (DAP) fertilizer per annum.
