Egypt is the country that buys rice by bulk cargo from India.

Egypt is the country that buys rice by bulk cargo from India.

India exports rice to various countries.
At present, Egypt is buying large quantities of rice from India.
Egypt has expressed interest to buy one and a half lakh tons of rice.
Egypt has already imported two ships of large quantities of rice from India.
It was too expensive to pay for such imported rice in US dollars.
Because Egypt does not have enough foreign exchange reserves.
So this time Egypt wants to pay back in Indian rupees while importing one and a half lakh tons of rice.
Following this, Egypt plans to import rice in six ships.
Like Egypt, countries like United Arab Emirates, Singapore, Germany, New Zealand and England have expressed interest in doing business in Indian rupees.
Bilateral trade and currency exchange is important when trading in the Indian rupee.
As much as Egypt buys rice from India, we import a lot of rock phosphate from that country.

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