India, Egypt agree to co-operation in agriculture

Written by Commodities Bureau | New Delhi, Apr 17 | Updated: Apr 19 2008, 05:14am hrs
India and Egypt agreed to cooperate in areas of agricultural research, extension, cooperatives, agricultural finance and credit, fertilisers, modern irrigation systems, agricultural machinery and also discussed the possibilities for setting up joint ventures.

The Egyptian delegation was led by the minister for agriculture and land reclamation, Amin Abaza. He had a high level discussion with the Indian side led by the Union agriculture minister, Sharad Pawar on Wednesday.

During discussions, Pawar expressed the hope that many mutually beneficial ventures would come into being on the lines of the phosphoric acid plant being set up by IFFCO in Southern Egypt with 75% equity participation in a total investment of $326 million, in partnership with Al Nasr Mining Company.

He further said "though, it will be a pleasure to explore further cooperation between government institutions such as ICAR and ARC in the areas of interest, I strongly feel that the cooperation to be meaningful should be through involvement of industry".

The Egyptian delegation is on an official visit to India on the invitation of the Indian Agriculture Minister. The delegation includes Advisor to the Minister, Director of Egyptian Agriculture Centre for Research and President of the Agricultural Development Bank. There is a Memorandum of Understanding between Indian Council of Agricultural Research and Agricultural Research Centre, Ministry of Agriculture, Egypt. The MoU envisages cooperation in the areas of extension, crop science, fisheries and natural resource management. The MoU is being implemented through biennial work plans and the work plan for 2007-08 is under implementation currently.

The Egyptian delegation has held discussions with IFFCO and Escorts.