India has lifted export restrictions on certain commodities destined for the Maldives for the fiscal year 2024-25.
The move, announced by the Directorate General of Foreign Trade (DGFT), allows for the export of items including eggs, potatoes, onions, rice, wheat flour, sugar, and dal under the bilateral trade agreement between the two countries.
In a notification, the DGFT stated that exports to the Maldives of these specified items would be exempt from any existing or future export restrictions or prohibitions.
Typically, such goods face export restrictions, but this decision clears the way for their export to the Maldives.
The permitted quantities for export include 21,513.08 tonnes of potatoes, 35,749.13 tonnes of onions, 1,24,218.36 tonnes of rice, 1,09,162.96 tonnes of wheat flour, 64,494.33 tonnes of sugar, 224.48 tonnes of dal, along with one million tonnes each of stone aggregate and river sand.
For the export of river sand and stone aggregate, CAPEXIL, a body promoting chemical and allied product exports, will ensure that suppliers have the necessary clearances and adhere to regulations prohibiting sand mining in coastal regulation zones.
Exporters must obtain environmental clearances from respective state governments for sand extraction.
Indian High Commissioner, via social media, highlighted this move as part of a unique bilateral mechanism, increasing quotas for these items significantly, the highest since 1981 when this arrangement began.
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