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Cabinet clears policy to double agri exports
News:
The Union Cabinet has cleared Agriculture Export Policy, 2018 which is in line with Prime Minister’s commitment to double farmers’ income by 2022.
Important Facts:
- Aim of the policy: The policy seeks to harness the export potential of Indian agriculture, through suitable policy instruments, to make India global power in agriculture and raise farmers’ income
- Objectives:
- To increase India’s agricultural exports to $60 billion by 2022 from the current $37 billion and reach $100 billion after few years, with a stable trade policy regime
- To diversify the export basket, destinations and boost high value and value added agricultural exports including focus on perishables.
- To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports.
- Focus on export centric clusters for integrated Commodity Focus Value Chain and Infrastructure Development.
- To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phyto-sanitary issues.
- To strive to double India’s share in world agri exports by integrating with global value chain at the earliest.
- Enable farmers to get benefit of export opportunities in overseas market.
- Elements of Agriculture Export Policy: The recommendations in the Agriculture Export Policy have been organised in two categories – Strategic and Operational
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