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Maldives and India: Allows river sand export to Maldives June 11,2019   |  Source: News Today

India allowed exports of specified quantities of river sand and stone aggregates to the Maldives under a bilateral trade agreement. “Export of the quantities of river sand and stone aggregates with the annual ceiling has been permitted for export to the Maldives under a bilateral trade agreement between India and Maldives,” directorate general of foreign trade (DGFT) said in a notification.

For 2019-20, the ceiling fixed for river sand and stone aggregates was two lakh tonnes and eight lakh tonnes respectively. It said the export is subject to a no-objection from Chemical and Allied Export Promotion Council of India (CAPEXIL), which would monitor the ceiling and send a quarterly report to the directorate. The council would also ensure that the suppliers/extractors have obtained appropriate clearances and mining of sand is not undertaken in the coastal regulation zone area. The bilateral trade between India and the Maldives have increased to $222.7 million in 2017-18 from $206.7 million in 2017-18.

 

© 2019 News Today

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