| Date: |
13-09-2011 |
| Subject: |
7 major food items that India imports |
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The rising middle income groups of consumers in India and their spending patterns on consumption related items have resulted a faster rising imports demands of the country.
Major imports of India include cereals, edible oils, and petroleum products.
India's import trade is regulated by the office of the Director General of Foreign Trade and its regional offices functioning under the Ministry of Commerce.
Policies and procedures for import are announced by the DGFT.
Sale of foreign exchange or rupee transfer to non-resident account towards payment for import of goods into India from any foreign country, except Nepal and Bhutan, permitted under the prevailing import trade control policy may be made by authorised dealers without Reserve Bank of India's approval.
Eurobrands recently came up with a list of 7 major food items India imported in 2010.
Source : rediff.com
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