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29
October 2018
 |
| Rice to China (The
Total Investment & Insurance Solutions) |
The world's biggest exporter of rice, on
Monday made a big pitch to export its ricevarieties to China and urged it to
open up its USD 2 billion rice import market based on an agreement signed
between the two nations during Prime Minister Narendra Modi's visit to China in
June.
A protocol on the exports of non-Basmati Rice
from India to China was signed in the presence of Prime Minister Narendra Modi
and Chinese President Xi Jinping during their meeting at Qingdao in June on the
sideline of the Shanghai Cooperation Organisationsummit.
Subsequently, the Chinese authorities visited
India to inspect the rice mills NSE -0.83 % and last week approved 24 Indian
rice mills for exports of rice to China, the Indian Embassy here said in a
statement. Out of the 24 approved mills, six attended a seminar and business to
business meeting. In which 44 Chinese importers including China National
Cereals, Oils and Foodstuffs Corporation (COFCO) took part.
The China Chamber of Commerce of Foodstuffs
and Native Products (CFNA) partnered with the Indian Embassy for the event .
With world class quality and cost
competitiveness, India has emerged as the biggest exporter of rice in the
world, Prashant Lokhande, Economic and Commercial Counsellor at the Indian
Embassy, said outlining the nature of the bilateral trade and prospects of
exports of Indian rice.
Thanking the Chinese authorities for opening
up non-basmati rice imports from India, he hoped to have significant quantities
of rice shipped to China at the earliest to cater to USD 1.5 billion to USD 2
billion rice import market of China, the statement from the embassy said.
Bian Zhenhu, the president of CFNA, expressed
satisfaction on the growth of bilateral trade between the two countries. A K
Gupta of the Agricultural & Processed Food Products Export Development
Authority, said that though India exports more than 12 million MT of rice every
year, none comes to China .
He appealed Chinese importers to try rich
varieties of Indian rice which can suit all tastes and requirements including
as ingredient in the processed food, he said. The Total Investment & Insurance Solutions
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