India formulates new export strategy

Strives to Reach $100 Billion in Agricultural Product Exports by 2030

Recently, the Indian Council for Research on International Economic Relations released a special report Strategy to Boost India's Agricultural Product Exports. The report clarifies the current industrial predicaments faced by India's agricultural product exports and puts forward strategic measures to boost such exports. As a major producer of various crops in the world, India has not yet fully explored the international market in the fields of convenience foods and high-quality tropical fruits. Over the past three fiscal years, India's annual export value of agricultural products has remained at around $50 billion, mainly relying on bulk agricultural products such as rice and sugar.

To address these predicaments, the main recommendations put forward in the report include:

1. Establish integrated export hubs and industrial clusters, improve infrastructure networks, and enhance the position in the global value chain.
2. APEDA (Agricultural and Processed Food Products Export Development Authority) should join hands with the Indian Council of Agricultural Research (ICAR) and state governments to build a core logistics system.
3. Implement an agricultural product branding strategy, and use technologies such as blockchain and artificial intelligence to strengthen traceability management and carry out crop monitoring, so as to comprehensively improve agricultural production efficiency.
   
4. At present, the Agricultural and Processed Food Products Export Development Authority is collaborating with the Indian Council for Research on International Economic Relations (ICRIER) to implement a two-phase strategy: the first phase focuses on the export of bananas, mangoes and mango pulp, and potatoes; the second phase will expand to the export of citrus fruits, fruit juices and pulps, chili peppers, grapes, okra, baby corn, honey, dairy products, edible eggs, and peanuts.