Alcoholic beverages, jam among 12 items to get export push

Apr 1, 2024 5:10 am | News

New Delhi: India is looking to increase the export of agricultural value added products by forging partnerships with retail chains and supermarkets of countries like the United Arab Emirates. The commerce department has identified 12 value added food items, including jams, jellies and marmalades, alcoholic beverages, fruit pulp products, dehydrated vegetables and ready to eat products for the purpose.

“We plan to concentrate on a few products and push their exports. These are some value-added goods which we are sure would give results,” said an official, who did not wish to be identified. Biscuits, confectionery, mango pulp and value-added products of mangoes, and preserved gherkins and cucumbers are also part of the list.

“There’s no target set for the export of these 12 categories. We expect a push from the free trade agreements signed recently,” the official said, adding that the plan entails promotions, stakeholder consultations and state tie-ups with supermarkets and retail chains, especially in the UAE, the EU and the US.
In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.

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Agricultural products account for close to 11% of the total export value from India. The country ranks eighth globally in agri exports, with a share of 2.45% in 2022.
Moreover, since these are processed foods, import restrictions imposed by the buying nations would be lower, the official said.
The department plans to do a market-wise analysis of the products that can be easily exported and also target countries which are not importing from India but from other nations. It would entail identifying the required certifications, standards and export compliances enabling business and export. Agriculture is among the six thrust sectors which are expected to clock around $670 billion of exports by 2029-30. India’s exports in 2022-23 totalled $451.07 billion.

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