Unlimited scope for floriculture exports: Exim Bank.

The potential for expansion of commercial floriculture in India, including production for domestic and export sales of cut flowers and plants, is unlimited provided the country expands the production of existing products as well as the product range, an Exim Bank study has said.

However, it said the competition in the international arena had been increasing with the entry of new African countries in global floriculture trade. Further, a number of Asian neighbours, such as China, Nepal, Sri Lanka, and Pakistan, are also emerging as competitors in India’s export markets. “India’s floriculture exports have also been diversifying, from traditional markets, such as EU and USA, to new markets in Asia Pacific, such as Japan, and Australia. Against such scenario,” the study said.

Exim Bank observed that the Indian floriculture industry has inherent strengths such as favourable geographical situation, soil and environment, labour costs, and the positive investment sentiments of Indian corporate players.

Source : Indian Express