Exploring Nano Fertiliser Cooperation: How Indian JV Partner’s Engagement with OMIFCO Could Transform Oman’s Agricultural Sector
MUSCAT: The Indian Farmers Fertiliser Cooperative Limited (IFFCO), which holds a 25% stake in the Oman India Fertiliser Company SAOC (OMIFCO) that operates a significant ammonia-urea fertiliser complex in Sur, has proposed the introduction of nano fertilisers. This initiative aims to bolster Oman’s food security and align with environmental objectives.
The proposal was presented by a senior IFFCO executive during a meeting with representatives from OQ, which manages the Omani government’s 50% interest in OMIFCO. Executives from Krishak Bharati Cooperative Limited (KRIBHCO), the remaining 25% stakeholder, were also in attendance.
Nano fertilisers are engineered at the nanoscale, with particle sizes typically less than 100 nanometers. Their reduced size enhances their interaction with plants, offering a greater surface area relative to volume. This innovation can improve nutrient absorption, facilitate targeted or slow-release delivery, and decrease waste and environmental impact compared to traditional fertilisers.
K J Patel, Managing Director of IFFCO, expressed his satisfaction regarding the discussions on nano fertilisers, emphasizing their role in food security and environmental sustainability. He noted that Omani representatives showed interest in advancing the use of nano fertilisers through OMIFCO, stating, “We agreed to collaborate on developing a suitable strategy to move this initiative forward.”
IFFCO has been at the forefront of nano fertiliser technology among major producers, having launched nano liquid urea in 2021 and subsequently developing nano DAP and nano NPK formulations.
Key attendees at the Muscat meeting included Mulham Al Jarf, Deputy President for Investment at the Oman Investment Authority and Chairman of OQ; Azzan Abdullatif, Chief Portfolio Officer of OQ; S S Yadav, Managing Director of KRIBHCO and Chairman of the OMIFCO Board; Rakesh Kapur, Joint Managing Director of IFFCO and OMIFCO Board member; Manish Kumar, Finance Director of KRIBHCO and OMIFCO Board member; and Harish Garg, Finance Controller and Board Secretary of OMIFCO.
Patel concluded, “The meeting provided an excellent opportunity to discuss matters related to OMIFCO and further solidify the partnership that defines this successful joint venture. Our discussions were constructive and aimed at fostering operational excellence, long-term sustainability, and creating value for all stakeholders involved with OMIFCO.”
Special Analysis by Omanet | Navigate Oman’s Market
The introduction of nano fertilisers by IFFCO signals a transformative opportunity for businesses in Oman, particularly in the agricultural sector. This innovation not only strengthens food security but also aligns with environmental sustainability goals, presenting potential growth avenues for investors and entrepreneurs. Smart stakeholders should consider the strategic advantages of adopting advanced agricultural technologies to enhance productivity and sustainability in the market.
