INTO INDIA has written regularly on agribusiness growth in India – and the opportunities this presents. The story is gathering pace…
India’s exports of processed food and agricultural products increased by 30% to US$ 9.6 billion from April-July of this fiscal year. Fruit and vegetable exports increased by 4% during the time period, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S).
According to a statement released by the Ministry of Commerce & Industry, an export goal of US$ 23.56 billion has been set for the basket of agricultural and processed food goods for 2022–2023.
The first four months of the current fiscal saw a growth of 61.91% in the export of dairy products, reaching US$ 247 million. Basmati rice exports climbed by 29.13%, rising from US$ 1.21 billion in April–July 2021 to US$ 1.56 billion in April–July 2022. Non-Basmati rice exports increased by 9.24% to US$ 2.08 billion in the same time period.
There is a lot happening in the agriculture sector in India – time for you to upgrade your India engagement strategy?
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