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Export of agri commodities will be liberalised

AgriNation News Network

New Delhi. 1 Feb 2018

The government will take steps to boost exports of agriculture commodities which have the potential of reaching USD 100 billion, Finance Minister Arun Jaitley said on Thursday.

The country’s agricultural exports are around USD 30 billion at present.

“India’s agri exports potential is as high as USD 100 billion against a current export of USD 30 billion. To realise this potential, export of agri commodities will be liberalised,” Jaitley said while presenting the Union Budget 2018-19 in the Lok Sabha.

He also proposed to set up state-of-the-art facility in 42 mega food parks.

The announcement assumes significance as the commerce ministry is working on a comprehensive policy covering issues such as logistics to promote export of agri commodities like tea, coffee, fruits and vegetables.

India is one of biggest producers and exporters of agri commodities.