In bid narrow trade gap, India aims to export 1 mn tonnes of rice to China
India had sent its first consignment of 100 tonnes non-basmati rice to China last month
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Explore Business Standard
India had sent its first consignment of 100 tonnes non-basmati rice to China last month
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India said on Thursday it was keen to sell more rice and sugar to China to bridge a widening trade deficit and cleared five more rice mills for exports of non-basmati varieties of the grain, taking the total to 25.
India, which sent its first consignment of 100 tonnes non-basmati rice to China last month, said the south Asian nation has potential to export 1 million tonnes of rice to China "in a few years".
India's trade ministry also said in a statement the country could sell 500,000 tonnes of rapeseed meal to China every year after Beijing recently lifted a ban on imports of the animal feed from India.
First Published: Oct 25 2018 | 1:26 PM IST