New Delhi: India's exports of agricultural
products is likely to cross Rs 1,00,000-crore mark in the next
five years and account for five per cent of the world's agri
exports, Agricultural and Processed Food Products Export
Development Authority (APEDA) today said.
"...export of APEDA monitored products should exceed one
lakh crore (about USD 22 billion), in the next five years,
which should translate into a 5 per cent share of the global
agri exports," APEDA Director S Dave said at an Assocham
conference here.
APEDA monitors products like fresh and processed food and
vegetables, livestock and cereals.
The exports of these products grew by 24 per cent in
rupee terms at Rs 39,461 crore and 10 per cent in dollar terms
at USD 8.67 billion in 2008-09, he added.
Currently, India's share in global agri export stands
close to 2 per cent at about USD 18 billion.
Dave urged the industry to use the fund allocated by the
commerce ministry for market access initiative.
He asked the industry to focus on increasing investments
for value addition in the sector.
Bureau Report
First Published: Wednesday, September 09, 2009, 13:30