Comments
The Oman-India Fertiliser Company SAOC (OMIFCO) will supply high-quality, locally manufactured urea for Oman’s agriculture sector.
This initiative, which was first rolled out in November 2011, has attracted a strong uptake from the Omani farming community, which has already begun to reap the dramatic benefits in higher agro yields resulting from the use of urea-fertiliser in their farms, a statement from OMIFCO said.
The importance of the high quality urea from OMIFCO and its availability in the local market at a competitive price, was highlighted at a press conference jointly hosted by OMIFCO and Takamul Investment Company in Muscat recently.
OMIFCO has decided to allocate 30,000 tonnes of urea for distribution in the local market.
Takamul assumed responsibility for the streamlined and expeditious distribution of bagged fertiliser at competitive prices.
Takamul, the downstream investment subsidiary of the wholly-owned Government energy investment vehicle, Oman Oil Company SAOC, has joined hands with OMIFCO in overseeing the distribution of fertiliser to Omani farmers.
Launching operations in 2006 with an investment of around $1 billion, OMIFCO — a joint venture of the Omani government and two Indian fertiliser cooperatives — has been manufacturing urea-fertiliser at its modern plant at Sur.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.