The Agricultural and Processed Food Products Export Development Authority (APEDA) has released the statistics of agricultural products exported so far in the current financial year. It said that in the first half of the financial year 2022-23, the export of Indian agricultural products has increased by 25 percent as compared to the previous year. This export was $ 11.06 billion till a year ago period, this year it has increased to $ 13.77 billion (about ? 1,07,942 crore).

According to APEDA President M. Angamuthu, 17 major events will be organized abroad in the coming years to increase the export of millets, products made from it. Will encourage foreign trade organizations to buy their agricultural products directly from the farmers of the country.

12 percent increase in export of cereals including maize

It is known that to keep the prices stable in the domestic market, the government has banned the export of wheat and sugar. But during the first half of the current financial year, wheat exports have increased by a record 136 per cent. Wheat exports were $ 0.63 billion last year, an increase of $ 1.49 billion (about ? 12288 crores) has been registered this year. There has been an increase of 12 percent in the export of other cereals (except rice, wheat) including maize as compared to the previous year. It was $ 467 million last year, it has increased to $ 525 million (about ? 43,311 crore) in the current financial year.

India towards becoming a global economic power: Piyush Goyal

Union Minister of Commerce and Industry, Food and Consumer Affairs Piyush Goyal arrived in Kakinada, Andhra Pradesh to inaugurate the Indian Institute of Foreign Trade (IIFT). Speaking at the program, the Union Minister said that at present the Indian economy is $ 3.5 trillion. This will increase to 10 times in the coming 10 years. With collective efforts, India is poised to become an important economic power in the world. The state has the potential to become a special economic zone for agriculture and fisheries. Finance and Corporate Minister Nirmala Sitharaman was also present in the program.