The joint venture will have an investment of around $2 billion and a manufacturing capacity of 2 million tons annually India and Russia are planning to set up a urea production facility at a cost of $2 billion, the Financial Express reports. The facility – a joint venture between Russia’s Uralchem and Indian Potash, Rashtriya Chemicals and Fertilizers, and National Fertilizers – is expected to be located at Togliatti, Russia, according to the report . “The urea plant should be ready within the next two years,” Indian Potash Managing Director PS Gahlaut told the Financial Express. The proposed facility is expected to have an annual manufacturing capacity of 2 million tons of urea. Gahlaut said the state-owned Projects & Development India, the consultant for the proposed urea joint venture, submitted a pre-feasibility report last week. Indian Potash, Rashtriya Chemicals and Fertilizers, and National Fertilizers “are expected to take a call on the pre-feasibility report soon,” he told the newspaper.…