Source: IBEF.org, Dec 07, 2018
New Delhi: Seeking to double agricultural export to USD 60 billion by 2022, the Union Cabinet Thursday approved a maiden export policy for the farm sector that imposes no restrictions on export of all organic and processed products.
However, export policy for primary agricultural products, like onion, would reviewed periodically on a case-to-case basis depending on price-supply situation, said Commerce Minister Suresh Prabhu after the Cabinet meet.
“The policy aims at doubling agricultural shipments to over USD 60 billion by 2022,” he said, adding that achieving the target was “doable”.
He said the farm exports have grown by 20 per cent in a year.
Agricultural exports are currently estimated at USD 30 billion. Read the rest of this entry »