No Mandi tax on Wheat Export from State: CM
- Union minister of Commerce and Trade chaired a high level meeting on export of wheat from MP.
- State exempts tax on wheat export.
- MP for two years has produced 1.29 crore MT annually.
Madhya Pradesh: The SS Chauhan on Thursday announced a mandi tax waiver to boost the export of wheat. The decision was taken in a virtual meeting chaired by Union Commerce Minister Piyush Goyal and CM Shivraj Singh Chauhan which was attended by exporters. The decision came amidst the rising global demand for wheat in the backdrop of the ongoing war between Russia and Ukraine.
Interacting with the media, Chauhan said, “ There will be no mandi tax imposed on wheat exported from Madhya Pradesh. We will provide all possible facilities to the exporters. With this, the exporters can now buy wheat from mandis or farmers directly.” “Railway Board has assured us to provide racks for wheat export,” Chouhan added
Madhya Pradesh is the centre of wheat production in the country and in the last two years, the production has been about 1.29 crore MT annually.
Sources from the Ministry of Commerce and Industry have revealed that India is in final talks to commence wheat export to Egypt while discussions are going with countries like Turkey, China, Bosnia, Sudan, Nigeria, Iran and others.
India has reported a wheat export worth $2,352.22 million in the last three years, including the first 10 months of the current fiscal 2021-22. In 2019-20, the wheat export was worth $61.84 million which rose to $549.67 million in 2020-21.