Under the BIMSTEC Cooperation, India will be annually exporting eggs worth Rs 350 crore to Sri Lanka
Tamil Nadu poultry farmers in Namakkal are gearing up to export eggs to Sri Lanka as part of the Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation (BIMSTEC). Under the BIMSTEC Cooperation, India will be annually exporting eggs worth Rs 350 crore to Sri Lanka’s State Trading Corporation to help the island nation tide over the crisis. This is part of a 350-crore initiative from the Indian government to help Sri Lanka overcome their economic crisis.
Sri Lanka has been facing an economic crisis and a shortage of poultry feed, leading to a shortage of eggs and a significant increase in their cost. Currently, an egg costs Rs 13.
The Sri Lankan cabinet has approved a proposal to import 90 million chicken eggs per month to reduce egg prices in the country. The BIMSTEC has already signed a memorandum of understanding with the Sri Lankan State Trading Corporation for the supply of onions, red chillies, pulses and chemicals to the island nation.
