: ICARIIMR and APEDA to boost exports of quality millets #FinanceIndia #StockMarketNEWS ICAR-IIMR and APEDA to boost exports of quality millets New Delhi, Sept 4 (KNN) Agricultural and Processed Food

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ICARIIMR and APEDA to boost exports of quality millets #FinanceIndia #StockMarketNEWS
ICAR-IIMR and APEDA to boost exports of quality millets New Delhi, Sept 4 (KNN) Agricultural and Processed Food Products Export Development Authority (APEDA) signed a Memorandum of Understanding (MoU) with ICAR-Indian Institute of Millet Research (ICAR-IIMR) on Friday to increase exports through quality production and processing.

The key focus of the MoU would be to promote commercial cultivation of processable varieties developed by ICAR-IIMR for exports which is expected to promote the value addition of millets, a cereal with high nutritive value, the Ministry of Commerce & Industry said in a press release.

MoU also envisages the creation of market linkages with farmers as well as Farmer Producers Organizations. A joint coordination committee with representatives from APEDA and ICAR-IIMR would be set up to achieve the goals envisaged under the MoU. It is expected to boost the value addition of millets and farmers’ income through the MoU.

The objective of the MoU is to build the export centric ecosystem with the requisite supply chain linkages, technological repository, clinical studies, awareness creation, policy changes and pipeline of entrepreneurs.

Both APEDA and ICAR-IIMR would work for developing knowledge on the understanding of markets, consumer preferences, emerging segments, analyze export competitiveness, price volatility of markets and market intelligence on standards, regulations and trade policies.

Creation of a Millet Export Promotion Forum in collaboration with all the key stakeholders for identifying export clusters to source sizable quantities of produce and for linking stakeholders with FPO’s would be taken up jointly by both the organizations of repute.

MoU gives thrust on work relating to sensitization, promotion and policy advocacy to the Government departments for bringing new policy changes and convergences in favour of millet exports.

Both the organizations would jointly develop an export strategy and accordingly conduct a training programme for the existing millet processors and entrepreneurs on various export policies and schemes for increasing exports of millets.

Development and Implementation of novel frameworks such as Traceability, Artificial intelligence, etc. would be taken for promoting millets exports. Handholding activities for the Startups for export compliance are also envisaged under MoU.

Profiling of Millets growers or farmers in all major millets growing regions of the country and strengthening of the seed supply chain would be taken up by ICAR-IIMR.

Millets are cereal crops with high nutritive value and categorized as small-seeded grasses. The key varieties of millets include Sorghum, Pearl Millet, Ragi, Small Millet, Foxtail Millet, Barnyard Millet, Kodo Millet and others.