The value of India’s agricultural exports is set to hit Rs1 trillion (US$20.6bn) within the next five years, according to estimates by the country’s Agricultural and Processed Food Products Export Development Authority (Apeda).
Apeda claims India’s share of the global farm product export market will also grow from 2 per cent to 5 per cent, reported the Economic Times.
Exports of fresh and processed fruit, vegetables, livestock and cereals rose 24 per cent in 2008/09 to Rs390bn (US$8.04bn).
“It is very important to increase our exports to the developed countries,” Apeda director S Dave told local media.
“Consumption patterns are fast changing in the international market. There is an emergence of specific products like functional foods, convenience foods, dietary products and organic products.”
“India has made considerable progress in ready-to-eat food and organic products but more effort is needed to add value.”
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