Rice Importers in UAE has always imported premium quality of Basmati and Non Basmati Rice from India. Almost 9.2 percent of the total import of UAE is from India. From the historical point of view as well, India and UAE had a very good trading relationships.
In the present era, UAE is acknowledged as India’s major trade partner. Almost all the varieties of rice including Sona Masoori, Swarna Rice, Sella Rice, Basmati Rice, and Golden Sella Rice are exported from India.
Rice exporting business in India has witnessed continuous growth with growing profit margins though; the profit margin of the rice export business depends upon some criteria which are as follows:
Basmati Rice is one of the most popular rice varieties in the world, which has a large demand in UAE. Basmati Rice Importers in UAE holds a major share when it comes to Basmati Rice Exports from India market.
In the current financial year, India has exported approximately 81,000 tons of Basmati Rice in a month to the UAE, as compared to 18,000 tons per month in the previous financial year of 2018-19. There is a sudden increase to the pace of importing from the Rice Importers in UAE, i.e. from an average of 15,000 tons a month in 2014 to nearly 80,000 tons at present.
Besides, Basmati Rice Exported from India to Iran via the United Arab Emirates is helping India to retain its position in the world market. UAE has emerged as the new stopover for India’s Basmati Rice Exports.
According to the International Monetary Fund, UAE is Iran’s biggest non-oil trading partner. UAE got 30 percent relaxation of tax to export in Iran.
Due to the long normal relationship of trading between two countries, Indian Basmati Rice Exporters got the opportunity to use ports in UAE to ship Basmati Rice to Iran. According to the research report, 80 percent of Basmati Rice shipped to Iran. The rice exported to Iran via UAE does not require a permit.
UAE has turned itself into one of the world’s leading countries when it comes to financial and business-service activities. The country is already developing itself a good trade region for the import and re-export market. Some of the benefits are as follows:
The main important regulations which are required to import