India Government Targets 20 High Potential Agricultural Products, The Plan Set to Be Ready in Three Months, Know on khetivyapar

India Government Targets 20 High Potential Agricultural Products

New Delhi: The central government is preparing a strategy to boost the export of 20 high-capacity agricultural products, including Basmati rice, intoxicating beverages, honey, mangoes, and bananas. This plan will be ready in the next three months. The Department of Commerce and the Agricultural and Processed Food Products Export Development Authority (APEDA) have already begun discussions with all stakeholders, including states.

Why is this plan significant:

1. India participation in global agricultural exports is low.
2. There has been a decline in India’s overall agricultural exports over the past year.
3. Export declines have occurred due to restrictions on essential items like rice, wheat, sugar, and onions.
4. Agricultural products are also facing challenges from external factors like the Russia-Ukraine conflict and the Lal Sagar crisis.

What is the objective:

To increase India’s share in global agricultural exports from 2.5% to 4-5%.

Which countries are potential markets: The United States, Malaysia, Canada, Russia, Germany, France, South Korea, China, Indonesia, Japan, Italy, Belgium, and the UK.

What the way forward: The plan will be formulated over the next three months. Strengthening the plan is imperative as India has witnessed a decline in its overall agricultural exports over the past year.