Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

India’s Agriculture Exports touch a historic high of USD 50 billion

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... India’s Agriculture Exports touch a historic high of USD 50 billion - News and Press Release Dated:- 6-4-2022 - News - India s Agriculture Exports touch a historic high of USD 50 billion Highest ever exports achieved for staples like rice, wheat, sugar, other cereals and meat Wheat exports jumped nearly four-fold from $568 million in 2020-21 to touch $2.12 billion in 2021-22 COVID-19 r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... esulted in increased demand for staples, providing an opportunity for increasing agriculture exports Even during the current crisis due to Russia Ukraine war, the world is looking at India for supplies of wheat and other food grains Department of Commerce continues efforts to gain on the momentum Exports of agricultural products (including marine and plantation products) for the year 202 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 1-22 have crossed USD 50 billion, highest level ever achieved for agriculture exports. As per the provisional figures released by DGCI S, the agricultural exports have grown by 19.92% during 2021-22 to touch $50.21 billion. The growth rate is remarkable as it is over and above the growth of 17.66%, at $41.87 billion, achieved in 2020-21 and has been achieved in spite of unprecedented logistical ch .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... allenges in the form of high freight rates, container shortages etc. This achievement over past two years will go a long way in realising the Prime Minister s vision of improving farmers income. Highest ever exports have been achieved for staples like rice (USD 9.65 billion), wheat (USD 2.19 billion), sugar (USD (4.6 billion) and other cereals (USD 1.08 billion). Wheat has recorded an unpreced .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ented growth of more than 273%, jumping nearly four-fold from $568 million in 2020-21 to touch close to $2119 million in 2021-22. Increase in exports of these products has benefitted farmers in states like Punjab, Haryana, Uttar Pradesh, Bihar, West Bengal, Chhattisgarh, Madhya Pradesh, Telangana, Andhra Pradesh, Maharashtra etc. India has captured nearly 50% of the world market for rice. Expor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t of marine products, at USD 7.71 billion, is also the highest ever, benefitting farmers in the coastal states of West Bengal, Andhra Pradesh, Odisha, Tamil Nadu, Kerala, Maharashtra and Gujarat. Spices exports has touched USD 4 billion for second year in a row. Despite facing tremendous supply side issues, coffee exports have crossed USD 1 billion for the first time, which has improved realisatio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ns for coffee growers in Karnataka, Kerala and Tamil Nadu. This achievement is the result of sustained efforts on the part of the Department of Commerce and its various export promotion agencies like APEDA, MPEDA and various commodity boards. The Department has made special efforts to engage State Governments and district administrations in promoting agriculture exports. In order to ensure that .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the farmers benefit from exports, Department of Commerce has made special efforts to provide export market linkage directly to farmers and FPOs. A Farmer Connect Portal has been set up for providing a platform for farmers, FPOs/FPCs, cooperatives to interact with exporters. This approach has resulted in agriculture exports taking place from hitherto unexplored areas. Exports have taken place from .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... clusters like Varanasi (fresh vegetables, mangoes), Ananthpur (banana), Nagpur (orange), Lucknow (mango), Theni (banana), Solapur (pomegranate), Krishna Chittoor (mango) etc. Initiatives like Happy Banana train, an exclusive train with reefer containers to transport bananas from Anantapur to JNPT, Mumbai have been taken to boost exports from unconventional areas. Outbreak of COVID-19 pande .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mic during first quarter of 2020 resulted in increased demand for staples, which provided an opportunity for increasing agriculture exports. Because of the institutional framework, already in place at State and district levels, and special efforts made to overcome the pandemic-induced bottlenecks, India was able to rise to the occasion and emerge as a reliable supplier of food. Even during the cur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rent crisis due to Russia Ukraine war, the world is looking at India for supplies of wheat and other food grains. Department of Commerce is continuing efforts to promote agriculture export so that the momentum gained over the past two years is sustained and agriculture exports touch new highs over the coming years. Click here for table on Export of Agricluture Commidities in 2021-22 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates