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Indian Basmati rice exporters negotiates mega deals with gulf countries
Feb 13, 2018
Indian exporters have negotiated mega deals that will boost shipment of Indian basmati and non-basmati rice to Gulf countries like Oman, Iraq, Qatar and Saudi Arabia.
According to Trade Promotion Council of India (TPCI) Chairman Mohit Singla, Pakistan is one of the biggest exporter of rice to Oman Sovereign Public Food Reserve at 1.8 lakh ton, while India’s share is just 20,000 ton. But in 2018 India’s share will jump to 50,000 ton.
In a press release he said that Oman’s public food stockholding company has decided to buy basmati rice from Indian companies, which will include ‘1121’ premium variety of basmati rice developed in India in their official list of tender items.
This is one of the major achievements of Indus Food – the two-day international food and beverage expo which concluded at India Expo Mart, Greater Noida on Friday. Indian exporters were able to get orders worth over 500 million dollar during the event, while business negotiations with potential to generate food exports worth 2 billion dollar were initiated at Indus Food, he said.
Mr Singla said at more than 5,300 B2B meetings that took place at Indus Food which got massive response from foreign buyers as well as India exporters and supplier. As a result, more than 15 countries have already expressed desire to participate in the next edition of Indus Food. At least 50 global retail chains were at Indus Food to look for potential suppliers from India.
He added that global market of Indian ethnic food is growing at fast pace so all major global food retailers were here to source Indian ethnic food. Indus Food saw 18 bilateral meeting taking place between India officials and their foreign counterparts.
Jointly organized by Ministry of Commerce and Industry and TPCI, Indus Food saw participation from almost 400 exhibitors, including representations from over 12 states and Departments, and global buyers from 43 nations.
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Agricultural & Processed Food Products Export Development Authority
(Ministry of Commerce & Industry,
Govt. of India)
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187