Indonesia to open its market for Indian rice and pharmaceutical

rice bold

Indonesia decided open its market for Indian Rice, Pharmaceuticals and Bovine meat

It is informed by the Trade Minister of Indonesia Thomas Lembong told Indian Ambassador that it has ben has decided to include India in the list of countries from which import of rice be authorised and market access for pharmaceuticals and bovine meat can be granted.

This is a big breakthrough for India, the world’s biggest rice producer after China, as it will be diversifying its export basket to Indonesia with which there is a huge trade deficit.

The Indian Embassy in Jakarta has been striving hard to seek a G2G channel for export of rice to Indonesia. Both sides are about to strike a deal for supply of rice to Indonesia.

Indian Embassy said that given the steadfast relationship between the two countries, India will standby with Indonesia to overcome the rice shortage due to drought.

Indonesia has agreed to purchase pharmaceutical products from India which is known for its high quality and price affordability. Widodo’s government is deliberating on this to overcome the financial burden in connection with the issue of health cards to Indonesians.

Source –  PTI (Article published on 23rd Dec 2015)