With an aim to boost exports of agriculture commodities, the Union Cabinet has given green signal to a maiden export policy for the farm sector that imposes no restrictions on export of all organic and processed products. The policy also aims to double agricultural export to $60 billion by 2022. However, export policy for primary agricultural products, like onion, would reviewed periodically on a case-to-case basis depending on price-supply situation. The implementation of the policy will have an estimated financial implication of over Rs 1,400 crore.
The objective of the policy is to diversify export basket, destinations and boost high value and value added agricultural exports. 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. It is aimed at boosting exports of agriculture commodities such as tea, coffee and rice and increase the country's share in global agri-trade. It will also seek to remove all kinds of export restrictions on organic products.
The Commerce Minister Suresh Prabhu has said that achieving the target of $60 billion export by 2022 will be ‘doable’. He said the farm exports have grown by 20% 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 further said the first ever ‘Agriculture Export Policy, 2018′ would help the government in achieving the target of doubling farmers’ income.
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