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'Agri exports shld grow to $120 bn by 2022 to double farm pay'

Press Trust of India  |  Mumbai 

The country needs to push its agricultural to USD 120 billion by 2022 from the present USD 36 billion in order to double farmer's income, according to industry experts.

"ranks second globally in agricultural production at USD 367 bn. We need to leverage our strength as a large importer of non-agricultural merchandise to push agricultural from the present USD 32 bn to over USD 120 billion in order to help double farmer's income," said Crop Care Federation of (CCFI)

"We have urged the to increase focus on trebling India's share in agri to double farmers by 2022. Today ranks second in agricultural production in the world but eighth in agricultural exports. We lag behind and and this must change," Shroff, who is also MD of United Phosphorus, told reporters.

We have appealed to the agriculture ministry, commerce ministry and institutions like APEDA, NITI Aayog over the past few months to arrest the steady decline in India's agri exports and the sharp increase in imports.

Domestic agricultural commodities face stiff non-tariff barriers in many developed countries that either refuse or restrict our agri exports, he added.

He wrote off farm loans and increasing Minimum Support Prices (MSP) as not sustainable.

"We urgently need to create a single authority to monitor agricultural exports and imports keeping a hawk eye on both. Currently, we have multiple authorities with poor co-ordination and dismal results," he added.

Shroff pointed out that foreign funded environmental activists pose the single biggest threat to the progress of Indian agriculture.

A spurt in Indian agri-exports can boost rural employment, and purchasing power. It will spruce up allied activities in storage, and processing.

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

First Published: Wed, January 10 2018. 18:35 IST