Home / Knowledge / News / Technical team to visit Senegal shortly: Shri Paswan
Technical team to visit Senegal shortly: Shri Paswan
28
Jan '08
Minister of Mines and Industry, Government of Senegal, Mr. Madicke Niang called on the Minister of Chemicals and Fertilisers and Steel Shri Ram Vilas Paswan in New Delhi.

The two Ministers discussed bilateral issues related to fertilizer sector. Welcoming the Senegalese Minister Shri Paswan underlined the excellent relations between the two countries.

Appreciating the recent efforts made by Government of Senegal and the IFFCO consortium for revival of ICS, Senegal Shri Paswan hoped that this would ensure stability of phosphoric production by ICS in near future.

The Senegal Minister, on behalf of his government thanked Shri Paswan for strong support for the revival of ailing company ICS in Senegal through IFFCO consortium.

He also sought assistance of the Indian government to the tune of US $ 20 million to strengthen and upgrade the railway line connecting the Potash mines with the port.

Shri Paswan assured that the request of Senegal government will be considered in consultation with the Ministry of External Affairs.

Mr Niang also offered another Potash mine in Senegal for development by Indian entities. Thanking Mr. Niang, Shri Paswan indicated that a technical team will shortly visit Senegal to study the mines.

ICS Senegal needed complete financial restructuring with substantial infusion of funds to reduce losses, replace old machinery and wipe out its debts.

The two sides had agreed last month for a revival package for ICS Senegal. Under the plan, IFFCO will infuse $100 million in equity and provide another $100 million as loan over the next three years to revive the company.

The restructuring of ICS Senegal will enhance the availability of phosphoric acid which will result in softening of international prices of raw material.

Secretary, Department of Fertilisers, Dr. J.S. Sarma and the Ambassador of Senegal Mr. Amadou Boucoun were present during the discussions.

Press Information Bureau Government of India


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search