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Roadmap to control tomato, onion, potato prices: Minister

IANS  |  New Delhi 

Union Processing Industries on Tuesday said the government was planning to draw a sustainable roadmap to keep soaring prices of staples tomato, onion and in control, an official statement said.

"Under 'Operation Greens', we shall be creating a sustainable road map to ensure that onion (TOP) are available in every nook and corner of the country round the year without any price volatility," she said, as per the statement.

Last week, had said the vegetables growers were among his government's priority and Rs 500 crore has been allocated for Operation Greens, which aims at doubling farmers' income by 2022.

also said the government had plans to compress the and create for natural preservation of these commodities, besides promoting Farmers Producers Organizations, Logistics Processing facilities and professional management.

The said establishment of Specialised Agro Processing Financial Institutions as announced in the Union Budget would unlock for setting up processing industries.

"These institutions would help overcome the deterrents faced while installing processing projects that are capital intensive and have long gestation period, by ensuring timely, accessible and affordable credit to this sector," she said.

She said the thrust was given in the Budget for promoting agri-clusters and mega parks "to strengthen farmers".

also said about $4 billion of the intended investment of $14 billion - pledged MoUs during World event held last year - had translated into the actual investment.

processing sector constitutes around eight per cent and 10 per cent of Gross Value Added (GVA) in manufacturing and agriculture sector in 2015-16, the said.

"Value of processed export has increased to $13.9 billion on 2016-17 which constitutes 11.2 per cent of India's total export," she said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 20:46 IST
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