Cooperative Export Body NCEL Granted Permission to Export Non-Basmati Rice and Sugar

Cooperative Export Body NCEL Granted Permission to Export Non-Basmati Rice and Sugar

The newly set up cooperative export body, known as the National Cooperative Exports Ltd (NCEL), has been given the green light to export a significant amount of non-Basmati rice and sugar. Cooperation Minister Amit Shah shared this news during a session in the Rajya Sabha. NCEL, which was registered under the Multi-State Co-operative Societies Act in January 2022, has received permission to export 14,92,800 tonnes of non-Basmati rice to 16 countries and 50,000 tonnes of sugar to two countries. This move will not only boost the export capabilities of the country but also provide opportunities for farmers and cooperatives involved in the production of these commodities. The export of non-Basmati rice and sugar will contribute to strengthening India’s position in the international market, as well as generating revenue for the country. The approval granted to NCEL highlights the government’s commitment to supporting cooperative sectors and promoting the growth of the export industry. The cooperative export body will play a crucial role in expanding India’s presence in the global trade market and diversifying its export offerings. This achievement is a step forward in the government’s efforts to enhance agricultural exports and strengthen the economy. With the increased export potential, farmers and cooperatives will have better prospects for selling their produce internationally, leading to improved incomes and livelihoods. The permission to export non-Basmati rice and sugar demonstrates the government’s recognition of the importance of cooperative initiatives and their role in driving economic development. The move also aligns with the government’s vision of achieving self-reliance and global competitiveness in the agricultural sector. As NCEL begins its export operations, it is expected to create employment opportunities and contribute to the overall growth of the economy. The cooperative export body will establish trade relationships with multiple countries, opening up new avenues for Indian agricultural products in the global market. Additionally, the export of non-Basmati rice and sugar is likely to enhance the country’s foreign exchange earnings, which in turn will support economic stability. Overall, the permission granted to NCEL to export non-Basmati rice and sugar reaffirms India’s commitment to promoting cooperative exports and signifies a positive step towards strengthening the agricultural sector’s contribution to the national economy.

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TIS Staff

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