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These schemes embody the creation and upkeep of a buffer inventory of 30 lakh tonne of sugar with impact from July 2018 to June 30, 2019; scheme for defraying expenditure in the direction of inner transport, freight, dealing with, and different expenses on the export of sugar season 2018-19; and help to sugar mills season 2019-20 to facilitate the export of sugar.
A scheme for offering help to sugar mills for bills on advertising and marketing prices together with, dealing with, upgrading and different processing prices, and inner transport and freight expenses for sugar season 2020-21, 2019-20 and 2018-19 was additionally introduced.
“Beneath these schemes, a sum of about Rs 15,948 crore has been launched to varied sugar mills of the nation in final 5 monetary years together with the present monetary yr until January 31, 2024,” Patel stated in a written reply to the Rajya Sabha.
She stated that the export of sugar (uncooked, refined and white sugar) has been positioned below a restricted class.
In 2022-23, sugar exports stood at 63 lakh tonne. This fiscal, no export has occurred. In a separate reply, she stated that the federal government has initiated an train to create a brand new on-line platform to attach exporters with varied stakeholders, together with Indian Missions overseas, export promotion councils, and different accomplice authorities businesses. It might assist present info equivalent to the small print of assorted commerce occasions being organised and supply info on varied Free Commerce Agreements (FTAs).
Replying to a query on FTA, she stated that imports of wines and vermouth (a form of fragrant fortified) from Australia stood at USD 8.9 million through the January-December 2023 as towards USD 10 million in the identical interval of 2022.
India-Australia Financial Cooperation Commerce Settlement (Ind-Aus ECTA) got here into impact from December 29, 2022.
“Through the April-December 2023, India‘s exports to Australia have grown by 13.78 per cent as in comparison with corresponding interval in 2022, whereas imports from Australia declined by 16.93 per cent, thereby lowering the commerce deficit by 35.26 per cent,” Patel stated.
On wheat export query, the minister stated that through the April-November 2023, India has exported wheat to the UAE, Nepal, Iraq. The full exports in that interval stood at 96,447 tonnes.
Wheat export on the whole is banned and the federal government permits the shipments solely on authorities foundation.
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