Insta
Doubling Farmer Income: Cabinet Clears First Export Policy, Aims To Double Overseas Sales To $60 Billion By 2022
Swarajya Staff
Dec 07, 2018, 12:48 PM | Updated 12:48 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Union Cabinet has decided to aim for double agricultural exports to $60 billion by 2022 under its first export policy for farm sector, Press Trust India has reported. Currently agricultural exports are estimated to be around $30 billion.
Under the policy, all restrictions on the export of organic and processed products have been removed. But the export policy for primary agricultural products will be reviewed periodically depending on the supply-demand scenario. The Union Commerce Minister Suresh Prabhu has also said that the policy will help in doubling farmer’s income by 2022.
The policy will look into modernising infrastructure, curtailing knee-jerk decisions, standardisation of products, streamlining regulations, and focusing on research and development activities. The policy also aims at diversifying export basket. The estimated financial cost of implementing the policy will be Rs 1,400 crore.
The minister added that states have agreed to do away with ‘Mandi Tax’ and implement Agriculture Produce Marketing Committee (APMC) reforms. The government will also focus on promoting value-added shipments, creation of agri-clusters, attracting private investment and infrastructure development as part of the new policy.
Also Read : ‘Business Of Agriculture’: How The States Must Build On The Centre’s Reforms
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.