Plan to import 1 lakh tonnes of rice, wheat


The government plans to import another one lakh tonnes of rice and wheat to improve food stocks.

The cabinet committee on purchase yesterday approved the proposal at a meeting.

The committee also approved setting up of 10 fuel-based quick rental power plants with a total power generation capacity of 1,768 megawatts.

Of the foodgrains, 50,000 tonnes of rice will be imported at a price of $419.51 per tonne. The lowest bidder, Singapore-based M/s Olam International Ltd, will import the rice.

Switzerland-based M/s Aston FFI (Swiss) will supply 50,000 tonnes of wheat at a price of $256.57 per tonne.

Six of the power plants are furnace oil-based of 15-year tenures, which will produce a combined 968 MW. The rest four are diesel-based ones of five-year tenures and those will produce 800 MW.


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