In a bowl, take 1 cup rice and rinse it with cold water until water turns clear.
Drain rice using strainer. This step is important. Else rice might have water in it.
Now add 1.5cup water in instant pot. Place trivet. That came with instant pot.
Transfer rice to steel bowl that fit inside instant pot. Add 2/3 cup water to it.
Place steel bowl on top of trivet inside instant pot.
Close the lid and pressure cook for 12minutes. Let the pressure release naturally for 15 minutes and then release pressure manually.
While rice cooks, take 2/3 cup of coconut milk in a pan on medium heat. Add 1/4 cup sugar and 1/4 tsp salt to it. Stir until sugar dissolves. Set aside.
Once rice is cooked, transfer it to mixing bowl and add prepared mixture to it and give it a good mix.
Cover and leave it for around 45 minutes.