India-Saudi Arabia Strengthen Cooperation

Union Minister for Health and Family Welfare and Chemicals and Fertilizers concluded a three-day visit to Saudi Arabia from July 11-13, focusing on boosting bilateral ties in fertilizers, chemicals, and health sectors.

Key Points

Fertilizer Agreements: Signed long-term contracts between Saudi Maaden and Indian companies IPL, KRIBHCO, and CIL to supply 3.1 million metric tons of Diammonium Phosphate (DAP) fertilizer annually for five years from 2025-26, with a possible five-year extension.
Supply Increase: The new supply commitment marks a significant rise from 1.9 million metric tons imported in 2024-25, which itself was a 17% increase over 2023-24.
Bilateral Cooperation Expansion: Both countries aim to include other key fertilizers like Urea to ensure India’s fertilizer security and explore mutual investments in the fertilizer sector.
Joint Research Initiatives: A joint team was formed to develop India-specific customized and alternative fertilizers to boost agricultural productivity and sustainability.
Health Sector Cooperation: Discussions with Saudi Vice Minister of Health focused on enhancing collaboration in medical services, pharmaceuticals, digital health solutions, and knowledge exchange under the recently signed MoU on Health.