"In order to ensure long term avialability of urea in the country, the government is facilitating setting up of a urea/ ammonia joint venture project in Iran with capacity to produce 1.3 million tone urea for import to India," he said in Rajya Sabha.
A consortium of Indian companies -- Rashtriya Chemicals and Fertilizers, Gujarat State Fertilizers and Chemicals and Gujarat Narmada Valley Fertilizer and Chemicals – have appointed SBI Caps for advisory and due diligence services to identify a prospective Iranian JV partner.

"The project is in a consultation stage to identify an Iranian JV partner," Kumar said in a reply during Question Hour. India imports about 8 MT of urea to meet its total requirement of 30 MT. Urea is most widely used fertilizer in the country.

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