The United States has estimated that India would import about 1 million tonne of wheat for the first time in six years because of low stocks, minister of state for commerce and industry EVKS Elangovan said on Wednesday. | |
| "The food and agricultural services of US department of agriculture in its monthly circular of July 2005 titled 'Grains: World markets & trade' has stated that India is expected to import about one million tonne of wheat for the first time in six years because of lower-carry-in stocks and rising consumption," he said in a written reply to a question in the Rajya Sabha here. |
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| He said 4.09 million tonne of wheat was exported during 2003-04 while 770,764 tonne of basmati rice and 2.6 million tonne of non-basmati rice was exported in the same year. |
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| Rubber: To another question, he said India produced 749,665 tonne of rubber in 2004-05 against a consumption of755,405 million tonne. |
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| Soya oil: Elangovan said after falling 81 per cent in 2003-04, soya oil exports improved almost two folds to 7,505 tonne in 2004-05. Soya oil export of 3,378 tonne in 2002-03 got Rs 40.05 crore in value while export of 2,550 tonne in2003-04 got Rs 14.41 crore.In 2004-05, Rs 33.48 crore was earned from export of 7,506 tonne of soya oil. |
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| Auto: To a separate question, he said global auto-component market would grow to $1.7 trillion by 2015.Out of this market, $1 trillion would be made in the major automotive countries like the US, EU and Japan. |
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| "India has the potential of bagging upto $20-25 billion business in global outsourcing," he said. |
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