News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 21 years ago
Home  » Business » India eyes agri-biz chances in Iraq

India eyes agri-biz chances in Iraq

April 10, 2003 17:24 IST
Get Rediff News in your Inbox:

India is looking at massive agri-business opportunities in war-ravaged Iraq, including those for sale of wheat, rice, tea and sugar, the commodities which have a large demand in any humanitarians even in a country ravaged by war and India can export the same to Iraq," Agriculture Minister Ajit Singh told PTI.

Opportunity for sale of Indian agri-commodities to Iraq comes at a time when the UN World Food Programme has launched the biggest humanitarian operation in its history, food ministry officials said.

Senior WFP official, Maarten Roest when contacted in Amman (Jordan), said the organisation has appealed for $1.3 billion to fund its emergency response to the Second Gulf War.

Exporters feel it is unlikely that all agri-requirements will be traced to the US alone and India has a good opportunity to cater to these needs.

The United Nations has already identified four new locations where bulk shipments of emergency food and other items could be sent for use in Iraq, once the humanitarian workers return to the country.

The locations are Latakia in Syria, Iskenderun in Turkey, Aqaba in Jordan, and Kuwait City.

A number of Indian orders including those for wheat and sugar are on a priority list and are expected to be delivered shortly. Tea exporters are also gung-ho about trade prospects with Iraq.

Get Rediff News in your Inbox:
 

Moneywiz Live!