Product Country
Increase Font Size Decrease Font Size
Market News
Invest more in dairy, poultry & fisheries sector: Agri Minister
Nov 14, 2017

Union Agriculture Minister Radha Mohan Singh, on Saturday, called upon investors — both global and Indian — to leverage opportunities in the country’s farm, dairy, poultry, and fisheries sectors.
The industry responded by highlighting the challenges it faces, including high goods and services tax (GST) rate on some items and high cost of funds, but assured that it was willing to partner with the government to ensure the sector grows at a fast clip.
The world is eager to study and adapt our growth strategy and the government is implementing various schemes to promote these sectors in order to double farmers’ income by 2022, Singh said at the World Food India 2017 event.
He said that India has moved ahead from a country facing food shortage to becoming a food exporter.
He said there were investment opportunities here as India is the world’s largest milk producer, second-largest fruits and vegetable producer, third in production of fish and fifth in egg production.
Secretary, Department of Animal Husbandry, Devendra Chaudhury said the government was looking at setting up cold chains in ports and harbors to facilitate fish exports, focusing on developing pasture land for growing fodder, which is in acute shortage in the country and also taking various steps to boost breeding and artificial insemination techniques which would give better milk, egg and meat yields.

Business Standard