Comprehensive policy to promote agriculture exports on anvil

Image
Press Trust of India New Delhi
Last Updated : Jan 12 2018 | 4:40 PM IST
The commerce ministry is working on a comprehensive policy covering issues such as logistics to promote export of agri commodities like tea, coffee, fruits and vegetables, a senior official said.
India is one of biggest producers and exporters of agri commodities, and still holds huge potential to increase shipments.
"So, the possibility of value addition and moving up in the global value chain is immense. All important elements such as logistics, certification and traceability of items would be part of the new policy," the official said.
It is important to have proper infrastructure to promote exports.
This move would help serve the government's objective to double farmers' income and increasing exports.
The ministry has started the process of identifying factors such as where maximum import demand is, areas that can be looked at, India's contribution to, and steps required to promote exports.
The official said they are also studying global markets and trying to understand where the potential is.
Another elements which would become part of the policy include ways to ensure quality of products and monitoring the value chain.
Agri-products account for over 10 per cent of the countrys total exports.
India mainly exports tea, coffee, rice, cereals, tobacco, spices, cashew, oil meals, fruits & vegetables and marine products.
In November 2017, out of 13 agri commodities, being tracked by the commerce ministry, only two - fruits & vegetables and tobacco - reported negative export growth.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 12 2018 | 4:40 PM IST

Next Story