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Despite the political tension, China started importing Indian rice for the first time in three decades

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Indian Rice


Despite the political tension, China started importing Indian rice for the first time in three decades

Indian industry officials told Reuters that China has started importing Indian rice for the first time in at least three decades. India is the world’s largest exporter of rice and China is the largest importer. Beijing imports around 4 million tonnes of rice annually but avoids purchases from India citing quality issues.

Indian Rice

This success has come at a time when the political dispute between the two countries is high due to the border dispute in the Himalayas.

“For the first time China has bought rice. BV Krishna Rao, president of Rice Exporters Association, said they could increase purchases next year, given the quality of the Indian crop. Industry officials said that Indian traders have contracted to export 100,000 tonnes of broken rice for December. According to Indian rice trade officials, China’s traditional suppliers, such as Thailand, Vietnam, Myanmar and Pakistan have limited surplus supplies for export and are quoting at least $ 30 per ton more than Indian prices.

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Gujarat government ties up with Adani Port to set up largest multi-modal logistics park

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multi-modal logistics park

Gujarat government ties up with Adani Port to set up largest multi-modal logistics park

The Gandhinagar, Gujarat government on Friday signed a memorandum of understanding with private infrastructure company, Adani Port & SEZ Limited, for the establishment of the country’s largest multi-modal logistics park, which will have an estimated investment of Rs 50,000 crore.

The proposed 1,450-acre park will have a dedicated air cargo complex with a 4.6 km long runway to handle large-size cargo planes and will offer direct air, rail and road connectivity. It will also have provision for direct rail connectivity with the Dedicated Freight Corridor, which is part of the Delhi-Mumbai Industrial Corridor (DMIC).
It will have the capacity to generate direct and indirect employment for 25,000 persons.

According to the state government, the multi-modal logistics park will be completed in three years in a phased manner as the work will start within six months after obtaining the necessary clearances and permits.
The park will have a 9 million sq ft warehouse zone with facilities like air freight station, grade-A ware, cold storage. The warehouse will have 38 lakh square feet of textile, wholesale, e-commerce, boulder warehouse for nine million square feet of space, four lakh grade-A palatized facility and 60,000 temperature controlled palatized facility. Against a capacity of 3.3 lakh, this park will have four handling lines with TEU (twenty feet equivalent) in a container yard.
The park will have three lakh square feet of space for a business and skills development center.

The central government has sanctioned 2 lakh crores to establish multi-modal logistics park in 34 cities of the country. Cities like Vijayawada, Chennai, Nagpur, Bengaluru, Surat, Hyderabad and Gauhati have been selected among others. Six cities of Gujarat are selected, Ahmedabad, Vadodara, Surat, Bharuch, Valsad and Kandla, where these projects will be set up on a Public Private Partnership (PPP) model.
60 percent of the goods in the country are transferred via road.
Transportation costs in the country are 14% of GDP, which the central government wants to bring to 7%.

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