India has taken initiative to become Aatmanibhar in Diammonium Phosphate (DAP). Union Minister of Chemicals and Fertilizers, Dr. Mansukh Mandaviya said that Government of India continuously strengthening the raw material supply security to become Aatmanirbhar in DAP, by investing in mineral rich countries.
India is highly dependence on raw material like rock phosphate and phosphoric acid, for production of DAP and NPK fertilizers. Now India securing its supplies through investments and long terms import deals with mineral-rich countries. This will help India to hedge against global price rises in Diammonium Phosphate (DAP) and NPK Complex.
Today, the acquisition of 45% equity share in a Senegal based rock phosphate mining company Baobab Mining and Chemicals Corporation (BMCC) is formalized by Coromandel International Ltd, India, in the presence of Indian Minister of Chemicals and Fertilizers.