Importation of construction aggregate from India to the Maldives has come to a halt as the former has not renewed the yearly quota allocated to the archipelago.
The Maldives has long imported the largest amount of aggregate at the lowest rates from India, However, according to Mihaaru’s sources, India has not renewed the quota for crushed stone and sand this year.
Maldives Association of Construction Industry (MACI)’s President Abdulla Mohamed said, “The Economic Ministry and Foreign Ministry together have to request the renewal of the yearly aggregate quota. MACI also checks the quota needed every year and forward the data compiled by Customs and companies.”
Abdulla stated that the association has requested the Economic Ministry in writing to clear up the issue and is expecting a reply on Thursday.
Mihaaru was unable to receive a comment from the Economic Ministry regarding the matter.
Meanwhile, an official of State Trading Organisation (STO) confirmed that importation of aggregate has come to a halt over the delayed renewal of the quota. However, the official assured that there is no shortage of aggregate currently and that STO has enough stock while it is looking to import aggregate from other sources in the meantime.
Mihaaru understands that the Indian government has authorised importation of other materials to the Maldives under their special quota.
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Source URL: Mihaaru-News