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Market News
Agri exports up 6.04% during April 22-Jan 23, Parliament told.
Apr 05, 2023
The Ministry of Commerce and Industry has told Parliament that during the current financial year (April 2022 – January 2023), the agricultural exports have registered an increase of 6.04% amounting to USD 43.37 billion over the exports of USD 40.90 billion during the corresponding period of the previous financial year i.e April 2021 to January 2022.
However, during the financial year 2021- 22, India’s agricultural export touched the highest ever level of USD 50.21 billion.
The statement of Commerce Ministry added that the Government has been monitoring export performance including that of agricultural and processed food products in the current financial year i.e. 2022-23 vis a vis 2021- 22 however no targets have been fixed yet for export for the year 2023-24.
According to the Ministry, the Government is utilising the District as Export Hub (DEH) Initiative to achieve the objectives of Agriculture Export Policy. Under the DEH initiative, products including agricultural and processed food products with export potential have been identified in all 733 districts across the country and a State Export Strategy has been prepared in 28 States & UTs.
'To address the issue of stakeholders’ participation in the decision-making process for export promotion activities, the Department of Commerce has established Export Promotion Forums (EPFs) for individual products under the aegis of the APEDA. The EPFs have representation from trade/industry, line ministries/departments, regulatory agencies, research institutes, state governments etc. In all 9 EPFs have been formed for rice, banana, grapes, mango, onion, dairy products, nutri-cereals, pomegranate and floriculture respectively,' reads the statement by the Ministry of Commerce.
The ministry stated that APEDA has also played an important role in opening of new markets for agricultural products in the recent past such as Canada, China, South Korea, Taiwan, Portugal, Indonesia and Iran.
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