Last Updated: January, 2021
India’s agrarian culture and varied regional climate have significantly contributed to the global food basket.
Indian curries, spices, snacks, and mangoes are known for their excellent quality across the globe. Globally, India leads the following food segments:
During FY20 (till February 2020), India exported basmati rice worth US$ 3.88 billion, buffalo meat worth US$ 3.01 billion, non-basmati rice worth US$ 1.84 billion and other processed foods worth US$ 2.71 billion.
During FY21 (till October 2020), India exported basmati rice worth US$ 2.43 billion, non-basmati rice worth US$ 2.33 billion, and buffalo meat worth US$ 1. 72 billion.
Indian agricultural/horticultural and processed foods are exported to more than 100 countries/regions, chief among them being the Middle East, Southeast Asia, SAARC countries, the EU, and the US.
Ministry of Commerce and Industry introduced Agriculture Export Policy, 2018 with an aim to double farmers’ income by 2022 by doubling agricultural exports from the country and integrating Indian farmers and agricultural products to the global value chain. The export of agriculture is targeted at US$ 60 billion by 2022.
In order to increase the exports of bamboo products, local artisans are supported by National Bamboo Mission.
Government of India introduced the following ordinances to implement reforms in agriculture sector:
This ordinance will allow intra-state and inter-state trade of farmers’ produce beyond the physical premises of APMC markets and the state governments will be prohibited from levying market fee, cess, or levy outside APMC areas
This ordinance will provide a framework on farming agreements, and will protect and empower the farmers to engage with agri business firms, processers, wholesalers, exporters, or large retailers
Under this ordinance the central government will be able to regulate the supply of certain food items only under extraordinary circumstances (such as war and famine).
Agricultural and Processed Food Products Export Development Authority
The Agricultural and Processed Food Products Export Development Authority (APEDA) plays a significant role in tapping India’s agricultural strengths and works towards expanding the export potential of Indian agricultural and food products.
Note- *- as per first advance estimate, **- as per third advance estimate
Other Export Promotion Councils:
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.