: Agri exports increase of 17.37 per cent in FY 202021 #FinanceIndia #StockMarketNEWS Agri exports increase of 17.37 per cent in FY 2020-21 New Delhi, Jul 24 (KNN) India’s agriculture exports

@StockMarketNEWS Fri 30 Jul, 2021

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Agri exports increase of 17.37 per cent in FY 202021 #FinanceIndia #StockMarketNEWS
Agri exports increase of 17.37 per cent in FY 2020-21 New Delhi, Jul 24 (KNN) India’s agriculture exports during 2020-21 have registered an increase of 17.37 per cent as compared to exports during 2019-20, said Commerce and Industry minister Piyush Goyal.

To promote agricultural exports, the Government has introduced a comprehensive Agriculture Export Policy (AEP) to harness export potential of Indian agriculture and raise farmers’ income.

The Department of Commerce has taken several steps to implement AEP at the State/ District level. State Level Monitoring Committees (SLMCs), Nodal Agencies for agricultural exports and Cluster Level Committees have been formed in a number of States and State-specific Action Plans have been prepared. Country and product-specific action plans have also been formulated to promote exports, he informed the parliament on Friday.

He further said that a Farmer Connect Portal has been set up for providing a platform for farmers, Farmer-Producer Organizations (FPOs) and cooperatives to interact with exporters. Buyer-Seller Meets (BSMs) have been organized in the clusters to provide export-market linkages.

Regular interactions, through video-conferences, have been held with the Indian Missions abroad, to assess and exploit export opportunities. Country specific BSMs, through Indian Missions, have also been organized, he said.

The Department of Commerce provides assistance through several other schemes to promote exports, including agriculture export viz. Trade Infrastructure for Export Scheme (TIES), Market Access Initiatives (MAI) Scheme, etc.

In addition, assistance to the exporters of agriculture products is also available under the export promotion schemes of Marine Products Export Development Authority (MPEDA), Agricultural & Processed Food Products Export Development Authority (APEDA), Tea Board, Coffee Board and Spices Board.

The Government has also introduced a Central Sector Scheme – ‘Transport and Marketing Assistance for Specified Agriculture Products’ – for providing assistance for the international component of freight, to mitigate the freight disadvantage for the export of agriculture products, he avowed.