Fertiliser firms to invest $5 bn in JVs abroad

Joe C Mathew / New Delhi July 31, 2008, 5:46 IST Indian fertiliser companies are planning to invest around $5 billion (Rs 21,000 crore) in overseas joint ventures over the next three years. These companies are in negotiations for 19 such ventures, said government officials. These joint ventures are aimed at sourcing nitrogenous, phosphatic fertilisers and other raw materials.

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