Rice Exporters Seek Budget Sops, Interest Subvention to Boost Competitiveness

• The Indian Rice Exporter's Federation (IREF) urged the government for tax incentives, interest subvention, and freight support in the upcoming 2026 Budget.
• Key demands include a 4% interest subvention on export credit, 3% road and rail freight support, and timely disbursal of RoDTEP schemes.
• IREF President Prem Garg stated these measures would lower costs, incentivize sustainability, and encourage value-added shipments.
• India accounts for approximately 40% of the global rice trade, exporting 20.1 million tonnes in FY 2024-25.
• The sector faces challenges like groundwater depletion, high costs, and market volatility, with IREF seeking support for sustainable practices and shift to higher-value varieties.

Why It Matters: Rice exporters seek budget incentives and interest subvention to enhance competitiveness and sustainability.