The commerce ministry has said that exports of agricultural and processed food products through Agricultural and Processed Food Products Export Development Authority (APEDA) are expected to exceed the target of $23.7 billion in the current fiscal (FY22). It said APEDA is taking a series of steps such as promoting IT-enabled activities for ease of doing business in the promotion and development of exports from India.
The ministry has stated that APEDA is working with the state governments for ensuring traceability and market linkages for farmers for promoting exports. It is giving thrust on ensuring digitization of land records and formalization of tenancy for the farmers, which helps in boosting exports. It also said that as of date, there are 417 registered GI (geographical indication) products and out of that 150 are from the agricultural and food sector.
Exports of agricultural and processed food products under APEDA basket rose to $20.67 billion (Rs 1,53,049 crore) during 2020-21, from $9.31 billion (Rs 42,437 crore) in 2010-11.
