The Prime Minister’s Office will soon consider the draft agriculture export policy, which aims to double India’s farm exports to more than $60 billion by 2022.
The Commerce Department is finalising a Cabinet note on the policy that calls for a stable and predictable farm exports regime with limited State interference, reform of the Agricultural Produce Market Committee (APMC) Act and streamlining of mandi fees along with liberalisation of land leasing norms including contract farming. The Department of Commerce had issued a draft policy in March this year.
India’s share in global exports of agriculture products rose from 1% a few years ago to 2.2% in 2016. It is currently ranked ninth among exporters globally.
The policy intends to provide an assurance that processed agricultural and organic products will not be brought under the ambit of curbs such as minimum export prices, export duties or export bans, even if curbs are imposed on primary nor non-organic agricultural products.