India Scales up Vegetable Exports by 70 Percent.

In a data presented by Minister of State for Commerce and Industry of India, Jyotiraditya M Scindia concluded that country’s vegetable exports are showing stupendous growth since last year. According to the press release by Press Information Bureau, the Government of India’s information agency has reported that the ministry’s co-ordination with some of its export promotion agencies has been able to ensure export growth in perishable goods.

The agencies including Agricultural and Processed Food Products Export Development Authority (APEDA) and Export Inspection Council (EIC) have provided necessary technical inputs and financial assistance in supporting export growth in perishable items. The release indicated APEDA through its schemes for Infrastructure Development Scheme for Quality Development, Scheme for Market Development and the Scheme for Research & Development has been making efforts to expand export of products including processed food items.

The exports of perishable items have increased from $1.78bn in 2006-07 to $2.69bn during 2008-09, and a similar projectile has been able to witness in April to November 2009 period by recording more than $1.5bn. APEDA and Directorate General of Commercial Intelligence and Statistics (DGCI&S) under the Ministry of Commerce, Government of India have compiled the export data.

As per the release, the vegetables exports from India during 2007 – 08 were about $341mn and the same was worth around $560mn in 2008 – 09 fiscal. In contrast, floriculture continued to idle with 82.5mn in 2008 – 09 and $76mn in 2007 – 08 as compared to 2006 – 2007 fiscal’s $146mn. The export of perishable items is permitted freely under the Foreign Trade Policy (FTP).

India’s perishable merchandise is largely comprised of vegetables, fruits, groundnuts, floriculture and livestock products. The latest figures show that fruits, groundnuts and livestock products have grown by about 10 – 20 percent.

Source : toboc.com