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Cabinet clears agriculture export policy to take shipments to $60 billion by 2022
Dec 07, 2018
Seeking to double agricultural export to $60 billion by 2022, the Union Cabinet on Thursday approved a maiden export policy for the farm sector that imposes no restrictions on export of all organic and processed products.
However, export policy for primary agricultural products, like onion, would reviewed periodically on a case-to-case basis depending on price-supply situation, said commerce minister Suresh Prabhu after the Cabinet meet.
The policy aims at doubling agricultural shipments to over $60 billion by 2022, he said, adding that achieving the target was doable.
He said the farm exports have grown by 20 per cent in a year.
Agricultural exports are currently estimated at $30 billion.
Prabhu said there was a time when India used to import agricultural products, but now it is exporting in a big way.
He rued India had no export policy for agricultural products despite a major producer.
Prabhu said the first ever 'Agriculture Export Policy, 2018' would help the government in achieving the target of doubling farmers' income.
The policy aims to boost exports of agriculture commodities such as tea, coffee and rice and increase the country's share in global agri-trade.
The policy would focus on all aspects of agricultural exports including modernising infrastructure, standardisation of products, streamlining regulations, curtailing knee-jerk decisions, and focusing on research and development activities.
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Agricultural & Processed Food Products Export Development Authority
(Ministry of Commerce & Industry,
Govt. of India)
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187