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Govt working on strategy to diversify export basket: Suresh Prabhu

Modi government is taking all initiatives to double the farmers’ income by 2022, said Union Commerce Minister Suresh Prabhu’ and the international food and beverage trade show inaugurated in Greater Noida on Thursday 18 Jan, ’18 was meant to promote the efforts of the government.

Organised by Trade Promotion Council of India along with the Union Ministry for Commerce, it aims to encourage investment in the food processing sector, and boost exports of agricultural products.

 With a focus on doubling the income of the farmers by 2022, the government is said to come out with agri-export policy that will encourage the export of food products. This move will help reduce the losses the farmers are said to bear because of fall in prices due to abundant produce.

 A platform had been provided by the centre to entrepreneurs in Greater Noida to encourage investment in food processing sector and encourage exports of agri products.

With no adequate food processing techniques accessible to the farmers, agricultural produce worth many crores of rupees is being wasted with no profit to the farmers every year. Even packaging of agricultural produce is not done on any huge scale as in the other countries. These facts underscore the possibility of certain increase in exports.

PM Modi has repeatedly laid emphasis on the need for innovations in the food processing sector which in turn would benefit the farmers. Major international players are exploring options of investment in the Indian food processing sector.

Rapid development in the sector will not only ensure minimal wastage of agricultural produce but also provide employment opportunities apart from enhancing the income of the farmers which is urgent and important.

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