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Indian Economy

Suresh Prabhu  

Union Commerce Minister Suresh Prabhu announced here on Sunday that the UAE and Saudi Arabia had decided to use India as a base to address their food security concerns.

Mr. Prabhu was speaking to presspersons after meeting delegates from the two countries, along with representatives from 44 others, at a summit of the Confederation of Indian Industry here.

“The UAE and Saudi Arabia will use India as a base in addressing their social security concerns. For the first time, India’s export policy identifies the potential of agriculture along with horticulture, dairy, plantation and fisheries,” Mr. Prabhu said. The farm-to-port project will be similar to a special economic zone but in the style of a corporatised farm, where crops would be grown keeping a specific UAE market in mind. The concept has been accepted by both governments.

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