Govt to take steps to promote agriculture commodity exports: FM


Team Udayavani, Feb 1, 2018, 12:05 PM IST

New Delhi: The government will take steps to boost exports of agriculture commodities which have the potential of reaching 6371.50₹ billion, Finance Minister Arun Jaitley said today. The country’s agricultural exports are around 1911.45₹ billion at present.

“India’s agri exports potential is as high as 6371.50₹ billion against a current export of 1911.45₹ billion. To realise this potential, export of agri commodities will be liberalised,” Jaitley said while presenting the Union Budget 2018-19 in the Lok Sabha.

He also proposed to set up state-of-the-art facility in 42 mega food parks. The announcement assumes significance as 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.

India is one of biggest producers and exporters of agri commodities. Elements which could become part of the policy include certification and traceability of items. Besides, the ministry is also in the process of identifying countries where there is a maximum import demand for agri goods.

Agri-products account for over 10 per cent of the country s total exports. India mainly exports tea, coffee, rice, cereals, tobacco, spices, cashew, oil meals, fruits and vegetables and marine products.

In December 2017, out of 13 agri commodities being tracked by the commerce ministry, five categories – other cereals, cashew, oil meals, oil seeds, fruits and vegetables – reported negative export growth.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN

Three convicted for 2016 Kollam collectorate blast case

Expect Canadian government to ensure justice, uphold rule of law: PM Modi

Lone tusker spotted on NH-166 near Karkala, disrupts traffic

Lokayukta police summon Karnataka CM Siddaramaiah for questioning in MUDA case on Wednesday

Not ‘kaun banega mukhyamantri’ contest; MVA to name CM pick after polls: Jairam Ramesh

Related Articles More

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

Equity investors become poorer by Rs 7.37 lakh crore during morning trade as markets tumble

Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum

Mcap of 6 of top-10 most valued firms jump Rs 1 lakh cr; State Bank, ICICI Bank top gainers

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN

Three convicted for 2016 Kollam collectorate blast case

Expect Canadian government to ensure justice, uphold rule of law: PM Modi

Group clash in Indore after argument over bursting firecrackers: NSA slapped against 2 accused

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.