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India exempts Singapore from rice export ban due to 'close strategic partnership'

Tuesday - August 29, 2023 11:59 pm , Category : BUSINESS
India exempts Singapore from rice export ban due to 'close strategic partnership'
India exempts Singapore from rice export ban due to 'close strategic partnership'
"India and Singapore enjoy a very close strategic partnership, characterised by shared interests, close economic ties and strong people to people connect. In view of this special relationship, India has decided to allow export of rice to meet the food security requirements of Singapore," Ministry spokesperson Arindam Bagchi was quoted as saying in a communique issued late Tuesday nightFormal orders in this regard will be issued shortly, he added. On July 20, India had banned export of non-basmati rice to prevent its rising prices and ensure availability in the domestic market. However with Singapore being a "close friend" of India, it has been seeking shipments of rice and exemption from the ban, which the Centre has now granted. Meanwhile, India has also allowed traders to ship out their non-basmati white rice cargoes, which are stuck at ports due to the ban on exports, the DGFT said in an order issued late on Tuesday. --IANS ans/ksk

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)