India records close to 15% rise in export of agricultural, processed food products in April-October
In a major boost to export prospects of agricultural produce, India registered a significant surge in export of agricultural and processed food products in the April-October period of the current Financial Year, 2021-22, in comparison to the corresponding seven month period of last fiscal, 2020-21.
According to the quick estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products witnessed 14.7 per cent growth in terms of USD during April-October 2021 over the same period of the previous year.
The overall export of APEDA products increased from USD 10,157 million in April-October 2020 to USD 11,651 million in April-October 2021.
The significant jump in exports of agricultural and processed food products during the first seven months of current fiscal is in continuation of growth in exports witnessed in the financial year 2020-21.
India reported a significant 85.4 per cent jump in export of other cereals while the export of meat, dairy & poultry products witnessed an increase 15.6 per cent in the first seven months of the current fiscal (2021-22).
The export of other cereals increased from USD 274.98 million in April-October 2020 to USD 509.77 million in April-October 2021 and the export of meat, dairy and poultry products increased from USD 1978.6 million in April-October 2020 to USD 2286.32 million in April-October 2021.
The rise in export of agricultural and processed food products is because of APEDA’s various initiatives taken for the export promotion of agricultural and processed food products such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by active involvement of Indian Embassies.
The APEDA has also taken several initiatives to promote products having registered geographical indications (GI) in India by organizing virtual Buyer Seller Meets on agricultural and food products with UAE and on GI products, including handicrafts with USA. APEDA is continuing with the initiative of conducting Virtual Buyer Seller Meets (VBSM) with potential importing Countries to popularize the GI products of major agricultural commodities exported.
In order to ensure seamless quality certification of products to be exported, APEDA has recognized 220 labs across India to provide services of testing to a wide range of products and exporters.
APEDA also assists in upgradation and strengthening of recognized laboratories for export testing and residue monitoring plans. APEDA also provides assistance under the financial assistance schemes of infrastructure development, quality improvement and market development for boosting export of agricultural products.
For boosting exports, APEDA compiles and disseminates various international trade analytical information, market access information amongst exporters and address trade enquiries.
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
