The removal of the hefty 20% duty on overseas exports marks a significant shift in the government’s trade policy regarding Kalanamak rice.
In a significant move aimed at promoting trade of agricultural commodities, the government has lifted the duty on exports of the Kalanamak variety of rice. This exemption applies to shipments of up to 1,000 tonnes and is effective immediately from Wednesday, according to a notification issued by the Finance Ministry.
Previously subject to a hefty 20% duty on overseas exports, the removal of this tariff barrier marks a notable shift in the government’s trade policy concerning Kalanamak rice. The Directorate General of Foreign Trade (DGFT) paved the way for this initiative on Tuesday by authorizing exports of up to 1,000 tonnes of Kalanamak rice through six specified customs stations.
Kalanamak rice, a type of non-basmati rice renowned for its distinct aroma and taste, was previously prohibited for export. However, with this recent decision, it joins the ranks of exportable agricultural commodities, offering new avenues for Indian rice producers to tap into international markets.
Exporters can now utilize six designated customs stations for shipping Kalanamak rice abroad. These include Varanasi Air Cargo, JNCH (Jawaharlal Nehru Customs House) in Maharashtra, CH (Customs House) Kandla in Gujarat, LCS (Land Customs Station) Nepalgunj Road, LCS Sonauli, and LCS Barhni.
The government’s move to facilitate the export of Kalanamak rice underscores its commitment to boosting agricultural exports and diversifying the country’s trade portfolio. This decision is likely to open up new opportunities for farmers and exporters, while also enhancing India’s presence in the global rice market.
This strategic decision by the government comes amidst efforts to bolster India’s agricultural sector and enhance its competitiveness in the global market. Kalanamak rice, with its unique characteristics and cultural significance, holds immense potential for export growth. By lifting the duty on its overseas shipments, the government aims to capitalize on this potential and support the livelihoods of farmers involved in its cultivation.
Furthermore, the exemption of duty on Kalanamak rice exports aligns with the broader agenda of promoting agricultural trade and achieving the goals outlined in various government initiatives such as the Agricultural Export Policy and Atmanirbhar Bharat Abhiyan (Self-Reliant India Mission). Encouraging exports of agricultural products not only contributes to economic growth but also fosters rural development and empowers farmers by providing them access to international markets.
As India strives to become a global powerhouse in agriculture, initiatives like these play a crucial role in strengthening the country’s position as a reliable supplier of high-quality agricultural commodities. Moreover, by tapping into niche markets with unique products like Kalanamak rice, India can carve out a niche for itself and establish a reputation for excellence in agricultural exports.
In conclusion, the removal of duty on Kalanamak rice exports signifies a significant step towards realizing the full export potential of India’s agricultural produce. It reflects the government’s commitment to fostering a conducive environment for agricultural trade and underscores its resolve to empower farmers and bolster rural economies. This move is poised to not only boost India’s export earnings but also enhance its stature as a key player in the global agricultural arena.