MoU between India and Malaysia

Cabinet approves MoU on Urea manufacturing Plant in Malaysia

Question: Recently Union Cabinet has given its ex-post facto approval to the signing of Memorandum of Understanding with Malaysia on development of-
(a) Urea and Ammonia manufacturing plant
(b) Oil refining plant
(c) Defense manufacturing plant
(d) Vehicle manufacturing plant
Ans. (a)
Related facts:

  • On 3 May 2017 the Union Cabinet has given its ex-post facto approval to the signing of Memorandum of Understanding with Malaysia on development of a Urea and Ammonia manufacturing plant in Malaysia.
  • The project is expected to cost US$ 2.1 billion with capacity to produce 2.4 million tonnes of Urea and 1.35 million tonnes of Ammonia per annum and dedicated supplying to Indian market.
  • The signing of MoU will ensure consistent supply of Urea and Ammonia to cater the need of the country at a lower price, if agreed to by both the participants.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=161506
http://www.uniindia.com/cabinet-approves-mou-on-urea-manufacturing-plant-in-malaysia/india/news/859882.html