NEW DELHI, Dec 7: The Union Cabinet has approved the country's first Agriculture Export Policy with an aim to double farmers' income and agricultural export to $60 billion by 2022, Commerce and Industry Minister Suresh Prabhu said.
"This is in line with the Prime Minister's vision of doubling farmers income by 2022. In less than one year, we have raised our agricultural export to $37 billion from $30 billion and we are sure to double it to $60 billion by 2022," Prabhu told reporters.
"Today, only three products -- rice, marine products and meat -- constitute about 52 per cent of our agricultural exports. Therefore we need to diversify and will work on that. We will promote organic, ethnic and indigenous products in a substantive manner," he said.
Leaving out some primary farm products like onion based on domestic needs (to be reviewed from time to time), all export restrictions on organic and processed agricultural products will be removed by the government, the Minister said.
"The government has come out with a comprehensive Agriculture Export Policy aimed at doubling the agricultural exports and integrating Indian farmers and agricultural products with the global value chains," an official statement said. - IANS