Indian Economy News

New agri export policy to double farmer's income: Suresh Prabhu

New Delhi: Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that the Government of India is preparing agro specific zones under the new Agriculture Export Policy which will be unveiled soon.He was speaking at the inauguration of BIOFACH INDIA which is the world’s largest event on organic industry organized by Agricultural and Processed Food Products Export Development Authority (APEDA) and Indo-German of Commerce in New Delhi today. 

The Commerce Minister said that India produces nearly 600 MT of agri products including horticultural produce and its strategy is to increase farmer’s income by doubling it and reducing the wastage of food products to the bare minimum. Alongside domestic strategy, the Government is also focusing on exporting agricultural products to the world. Suresh Prabhu further said thatthere is need to cater to the niche market of organic food.

India is bestowed with the potential to produce all varieties of organic produce due to the country’s varied agro climatic regions. India also has the added advantage of inheriting a tradition of organic farming. It is a great advantage for organic producers to tap the market which is growingsteadily in both domestic and export markets.

Indiaranksfirst in terms of total number of organic producers and 9th in terms of worlds organic agricultural land. The Government of India has implemented the National Programme for Organic Production (NPOP) which is organised by the European Commission and United States Department of Agriculture (USDA). Due to these certifications India’s organic products are accepted by importingcountries.

In 2017-18 India produced around 1.70 MT of certified organic products which includes all varieties of food products like oilseeds, sugarcane, cereals and millets, cotton, pulses, medicinal plants, tea, fruits, spices, dry fruits, vegetables and coffee.

Total volume of organic exports during 2017-18 was 4.58 lakh MT and brought in USD 515.44 million.

India’s organic products are exported to USA, EU, Canada, Switzerland, Australia, Israel, South Korea, Vietnam, New Zealand and Japan.

Buyers from 15 countries are participating in the3-day event being held from 25th to 27th October 2018 in New Delhi. This event showcases products like organic aqua culture, cashew, coconuts, tea and cocoa and oil seeds. Buyers-Sellers meet and an international conference are also being held alongside the main event. 

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

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