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India to give 5% subsidy for non-basmati rice exports till March 25

India is the world's biggest rice exporter

Reuters  |  Mumbai 

India, the world's biggest rice exporter, will provide incentives for non-basmati rice exports, the government said in an order reviewed by Reuters, as part of efforts to boost flagging overseas sales of the staple. The government will give a subsidy of 5 per cent for non-basmati rice exports for the four months to March 25, 2019, the trade ministry said in the order dated Nov. 22. India's rice exports during April-September dropped 9.6 per cent from a year earlier to 5.8 million tonnes, as leading buyer Bangladesh reduced purchases due to bumper local ...

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First Published: Fri, November 23 2018. 11:52 IST
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