The Economic Coordination Committee of the Cabinet approved import of LNG along with given framework as proposed by Ministry of Petroleum and Natural Resources.
The ECC also discussed the summary for export of sugar presented by Ministry of Commerce. The ministry informed ECC that the country was in a position to export sugar as there was a surplus. After due deliberations, ECC allowed to export 200,000 MT of sugar against the proposal of 400,000 MT with a quota of 10,000 MT sugar for each sugar mill. ECC also constituted a committee comprising PM Adviser on Agriculture and Water Resources, Secretaries of Commerce and Industries to work out the reasons for non-utilization of earlier approved export quota amounting 166,000 MT of sugar by sugar mills.
The ECC also discussed a summary that proposed an import of 0.5 million tones of urea. After evaluating different aspects, ECC constituted a committee comprising deputy prime minister and Senior Minister for Industries, minister for Petroleum and Natural Resources, Planning Commission deputy chairman and secretary industries to work out further on subsidy mechanism, price fixation formula for fertilizer and gas availability to fertilizer plants, after consultation with fertilizer industries.
ECC approves import of LNG, 200,000 MT of sugar export
