Indian Economy News

Government Pushes Agri Exports to Boost India’s Share in Global Trade

India's continued rise as a leading player in the global agricultural market, with the help of export-oriented programs and specific policy decisions, will continue beyond FY 2024-25, when food and agricultural product exports are expected to amount to about Rs. 4.60 lakh crores (US$ 51.90 billion). This will reflect India's increasing competitiveness with respect to many types of food and agri-products (as defined by the United Nations). The Government's strategy to increase India's global share of agri-trade is focused on increased productivity, enhanced value added, and expanded access to international agri-trade, which parallels a major increase in global demand for processed foods, horticultural products, organic products, and other high-value agricultural exports. This creates an opportunity for India to become a trusted source for these products in global value chains.

To support this objective, the Department of Commerce, through the Agricultural and Processed Food Products Export Development Authority (APEDA), is implementing a range of initiatives aimed at strengthening the export ecosystem. These measures include the development of modern export infrastructure, the adoption of advanced and automated processing technologies, the promotion of value-added product innovation, and quality enhancement across supply chains. APEDA also undertakes market development initiatives and training programmes to build the capacity of exporters and upskill the workforce for producing export-ready, value-added products. In addition, APEDA provides financial support to exporters under its Financial Assistance Scheme (FAS), covering key components such as export infrastructure development, quality development, and market development. Collectively, these efforts are intended to attract greater investment in high-value agricultural products, improve compliance with international standards, and expand India’s footprint in global agricultural markets.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.