Krishi VaartaOutlook Agriculture
Government plans to increase the export of agricultural products
New Delhi. To promote the export of agricultural products, the central government is preparing to give incentives to exporters on rice and tea along with some other products. The Central Government has set a target of exporting agricultural products to the extent of 6,000 million by the year 2022. In the first two months of the current financial year 2019-20, the export of agricultural products has declined by 7.73%. In the year 2018-19, agricultural products worth Rs. 1,28,302 crore were exported.
According to a senior official of the Ministry of Commerce and Industry, there is a proposal to give incentives under merchandise export from India scheme (MEIS) to exporters. The largest share in export of agro products is rice, tea, spices as well as onions, potatoes and tomatoes. Prices of non-basmati rice in the global market are low, whereas the prices in the domestic market are high. Because of this, its export has decreased by more than 50 per cent in the first two months of the current financial year. There has been an increase in the export of tea, but when it comes to tea we get challenge from Sri Lanka. Therefore, there is a proposal to give incentives to tea exporters.
Source - Outlook Agriculture, 27 July 2019
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