India, Algeria mull fertilizer Joint Venture

India’s plan for a joint venture arrangement with Algeria for a multi-billion dollar fertilizer plant located in the North African country seemed to have been initiated on following a meeting between Algerian Minister for Industry and Mining and the Indian Minister of State for Chemicals and Fertilizers Mansukh L. Mandavia.

India’s bilateral trade with Algeria currently stands at $1.5 billion a year with the trade balance in Algeria’s favour given India’s import of oil and gas. India seeks 49 per cent share in Algerian phosphate block having 6-billion tonne capacity.
So let’s discuss some questions related to this post:
Q1. India seeks how much share in Algerian phosphate block?
Q2. Who is Indian Minister of State for Chemicals and Fertilizers?
Source -The Hindu

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