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Telangana agriculture exports jump by 40%, pegged at Rs 10,000 crore.
Apr 11, 2023
In a positive sign for state government's efforts in the agriculture sector, Telangana has witnessed almost 40% increase in agriculture exports between 2020 and 2022. While agriculture exports stood at Rs 6,337 crore in 2020-21, it rose substantially to about Rs 10,000 crore in 2021- 22.
According to the data recently released by the central government, Telangana and Maharashtra are two states which have shown marked growth in agriculture exports. In just five years, from 2017-18 to 2021-22, it has increased from Rs 5,000 crore to Rs 10,000 crore in Telangana.
Telangana's top exports include cotton, spices, cereals and meat. According to experts, the exports from Telangana have improved due to innovative methods, increased use of technology and cold storage facilities.
'Considering that Telangana has no coastline, the improvement clearly shows how better infrastructure has helped the sector grow substantially,' said Kotha Bhaskar Reddy, an exporter from NiIzamabad who deals in fruits.
As per the data, cotton exports totalled Rs 3,055 crore in 2021-22, while spices, coffee and tea accounted for Rs 1,936 crore. Cereals contributed Rs 1,480 crore and meat exports accounted for Rs 268 crore. The state also exports rice, maize, lemon, grapes, mango and soyabean.
The data from the state also shows that total foreign direct investment inflows in the agriculture sector in the country have a high share from Telangana. The state attracted FDI worth Rs.3,000 crore between 2019- 2021.
Currently, state is focussing on increasing the exte-nt of oil seed farming which will increase exports base.
timesofindia.indiatimes.com
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