Amidst a global shortage of food grains in the aftermath of the Ukrainian war, countries like India which have the potential to address this by exporting agricultural products, in particular cereals, are facing difficulties from the World Trade Organization, Union Finance Minister Nirmala Sitharaman said.
Responding to India’s concerns, WTO Director General Ngozi Okonjo-Iweala during the just-concluded annual Spring meeting of the International Monetary Fund and the World Bank said that the organisation is looking at it very positively and hopefully it would be sorted, the minister told a group of Indian reporters here.
The United States has requested India to help out with the food grain situation right now, India’s Ambassador to the US Taranjit Singh Sandhu noted during a news conference with the minister. The finance Minister said India has identified opportunities of export of food grains and also manufacturing in the aftermath of the Ukrainian crisis.
“The opportunities that we have identified and have progressed in it…our export of food grains, particularly wheat. We are probably now tapping also for our manufacturing goods to move to destinations which are now suddenly found as their suppliers are in a situation they can’t continue with uninterrupted supply,” she said. The war has revealed some realities to the world, she added. There’s hunger and shortage of food grains all over the world, countries like India can help. India is trying to…find markets for its product and two; of meaningful assistance that where there is hunger, there are grains to go and nothing should stop them from going there,” she said.