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Home Sectors Agriculture

Agri policy to double exports to US$60bn by 2022

Fiinews by Fiinews
December 8, 2018
in Agriculture, Exports, Manufacturing
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Vision: to help double farmers’ income

 

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The Cabinet has approved the Agriculture Export Policy 2018 to double the sector’s exports to US$60 billion by 2022, and US$100 billion a few years after that from the US$30 billion as of now.

The Cabinet has also approved the proposal for establishment of Monitoring Framework at Centre with Commerce as the nodal Department with representation from various line Ministries/Departments and Agencies and representatives of concerned State Governments, to oversee the implementation of Agriculture Export Policy.

The Government has come out with a policy to double farmers’ income by 2022. Exports of agricultural products would play a pivotal role in achieving this goal, said the Commerce and Industry Ministry on 6 Dec 2018.

In order to provide an impetus to agricultural exports, the Government has come out with a comprehensive “Agriculture Export Policy” aimed at doubling the agricultural exports and integrating Indian farmers and agricultural products with the global value chains.

The Agriculture Export Policy has the following vision:

Harness export potential of Indian agriculture, through suitable policy instruments, to make India global power in agriculture and raise farmers income.

Objectives of the Agriculture Export Policy are as under:

To diversify our export basket, destinations and boost high-value and value-added agricultural exports including focus on perishables.

To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports.

To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phyto-sanitary issues.

To strive to double India’s share in world agri exports by integrating with global value chain at the earliest.

Enable farmers to get benefit of export opportunities in overseas market.

Elements of Agriculture Export Policy:

The recommendations in the Agriculture Export Policy have been organised in two categories – Strategic and Operational – as detailed below:

Strategic – Policy measures; Infrastructure and logistics support; Holistic approach to boost exports; Greater involvement of State Governments in agri exports; Focus on Clusters; Promoting value-added exports; Marketing and promotion of “Brand India”.

Operational – Attract private investments into production and processing; Establishment of strong quality regimen; Research & Development; Miscellaneous.

fiinews.com

Tags: Ministry of AgricultureMinistry of Commerce and Industry
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