STC, NAFED to decide on rice tender for Dhaka tomorrow
State Trading Corporation and NAFED are likely to decide on Tuesday on the bids floated by them for supply of parboiled and white rice to Bangladesh.
By PTI |
NEW DELHI: State Trading Corporation and NAFED are likely to decide on Tuesday on the bids floated by them for supply of parboiled and white rice to Bangladesh.
"Both STC and NAFED have invited bids on behalf of the government. The final decision on the tender would be taken tomorrow," a senior official of National Agricultural Cooperative Marketing Federation of India (NAFED) said.
"Although the government has decided to supply five lakh tons of rice to Dhaka but it has not yet allotted the quantity to each agency. We will get to know it shortly," he added.
The trading firms have specified the bidders must have at least two years of experience in supplying rice to Bangladesh. They should have exported a minimum quantity of 50,000 tones of rice in the last one year. Also, the bidder must have sound financial background with a minimum annual turnover of Rs 100 crore.
According to 'Independent Bangladesh' newspaper, the Bangladesh government has taken steps to import 10 lakh tonnes of rice from different countries, including India, Thailand and Vietnam to reduce prices.
Bangladesh Foreign Adviser Iftekhar Ahmed Chowdhury had last week spoken to India's External Affairs Minister Pranab Mukherjee on planned purchase of rice from India, the report stated.
"Both STC and NAFED have invited bids on behalf of the government. The final decision on the tender would be taken tomorrow," a senior official of National Agricultural Cooperative Marketing Federation of India (NAFED) said.
"Although the government has decided to supply five lakh tons of rice to Dhaka but it has not yet allotted the quantity to each agency. We will get to know it shortly," he added.
The trading firms have specified the bidders must have at least two years of experience in supplying rice to Bangladesh. They should have exported a minimum quantity of 50,000 tones of rice in the last one year. Also, the bidder must have sound financial background with a minimum annual turnover of Rs 100 crore.
According to 'Independent Bangladesh' newspaper, the Bangladesh government has taken steps to import 10 lakh tonnes of rice from different countries, including India, Thailand and Vietnam to reduce prices.
Bangladesh Foreign Adviser Iftekhar Ahmed Chowdhury had last week spoken to India's External Affairs Minister Pranab Mukherjee on planned purchase of rice from India, the report stated.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
