Export policy wins investors

India is set to receive big investments from the United Arab Emirates and Saudi Arabia in organic and food processing industries following the recently announced agriculture policy.

This was announced by Commerce and Industry Minister Suresh Prabhu at the Partnership Summit on 13 Jan 2019.

The new export policy has removed restrictions on the export of organic and hotricultural products, which has attracted the Emirate and Saudi investors.

India is expecting 290 million tonnes of agri-products and 310 million tonnes of hotricutural products in the current crop year.

“India is already the largest producer of milk and the second large producer of fruits (globally) which gives it a huge potential to export,” Prabhu told the summit.

Though investment details were not disclosed, Prabhu listed out export potential for grapes from Nasik, oranges from Nagpur and manoges from Ratnagiri.

The summit is organised by the Confederation of Indian Industry 12-13 Jan 2019 in Mumbai. Its co-organisers were Department of Industrial Policy & Promotion and the Government of Maharashtra. fiinews.com