Commerce Ministry will work on developing Global Supply Chain for the agri-sector to boost exports : Suresh Prabhu

Posted by Daily Shipping Times on 07-09-2017        Tweet

‘There is also a need to work on removing trade restrictions to boost India's agri sector'

NEW DELHI: The Commerce and Industry Ministry will soon bring in a policy framework for facilitating access to global markets for the Indian agriculture produce, Union minister Suresh Prabhu said while addressing an agri summit.

Prabhu, who took charge as Commerce and Industry Minister recently, said that his Ministry will work on developing global supply chain for the agriculture sector to boost exports.

Addressing the agri summit the Minister said that multilaterally there is also need to work on removing trade restrictions with an aim to boost India’s agri exports. "If they (farmers) produce something, they (should) get an access to global market and get better prices for that, and for that we will put in place a good policy framework very soon," Prabhu said. "We have right to have access to global markets for our farm produce by removing all trade restrictive practices," the Minister added.

In 2016-17, export of agri products, such as cereals, processed fruit and vegetables, processed foods, and animal products, was around $ 16.27 billion, according to the data given by Apeda. Prabhu said the Ministry will work on developing the global supply chain for the agri sector. "We will start working on that. This is on our agenda ... my Ministry will make sure that we will achieve this goal to ensure that India's agriculture is also able to feed global economy. As a Minister, it is my job to ensure that we develop this global supply chain and ensure farmers get better prices."