Commerce Ministry mulls policy for agriculture exports

Commerce Ministry mulls policy for agriculture exports”

Commerce minister Suresh Prabhu on Wednesday said he is looking at measures to rev up country's exports in a "shortest possible time". "Agricultural products have a limited shelf life and, therefore, incomes of farmers also need to rise in the short time... have told the department to prepare an agricultural export policy", he said.

Outlining his priority, new Commerce Minister Suresh Prabhu today said the ministry will work on promoting agri exports and will ensure global market for farmers.

"We have right to have access to global markets for our farm produce by removing all trade restrictive practices", he said.

The government plans to come out with a policy to boost the exports of agricultural produce so that farmers get the best price and double their income by 2022.

As a commerce minister, he said "my job is to ensure that we will develop this global supply chain and ensure farmers get better prices".

India's farm exports touched $33.4 billion in 2016-17, up from $32.1 billion in the previous fiscal but well below the level of $42.9 billion recorded in 2013-14, showed the official data.

"Prabhu also called for giving stress not only on Make in India but also on Design In India to be present in entire value chain", it added.

"Global supply chains are now become a reality".

"The joint paper reveals that developed countries, including the U.S., the European Union and Canada, have been consistently providing trade-distorting subsidies to their farmers at levels much higher than the ceiling applicable to developing countries", it said.

The Minister also said the government will work on developing agriculture parks in India.

"If there are clusters for industry, why should we not think about clusters for different kinds of agriculture", he said.

The minister said he would soon be meeting trade ministers in Manila and Seoul to promote trade.

"Our agenda is going to be very aggressive". We will like to make sure that Indian farmers get their due by getting better price from global markets. "India is part of that in auto components and generic formulations", he said adding these chains offer a great opportunity for Indian exports as well as upgrading capacities in terms of technology.

Prabhu said exporters are facing certain challenges in the new goods and services tax (GST) regime and that the ministry is taking up those issues with the concerned authorities.

Like this


07 September 2017
Von Miller says Trevor Siemian is looking like Peyton Manning
Now, the team is hoping to get back to their dominant ways after missing the playoffs entirely last season. You get the vibe when you talk to him, the way he handles conversations, the way he handles people".

07 September 2017
Missouri governor Eric Greitens to make jobs announcement in Kansas City area
Peters aerospace parts manufacturer Seyer Industries, which has added more than 100 jobs and is expanding its facility. Spring Venture Group, an insurance agency in Kansas City plans to add 400 new jobs over the next few years.

07 September 2017
Tormund's Flirtation With Brienne of Tarth Happens Even After Cameras Stop Rolling
Christie explains that she is a classically trained actress, so she rarely starts laughing during a scene, but this is the one time where she completely loses it.

07 September 2017
NASA sees Tropical Storm Katia develop near Mexico's east coast
Katia is forecast to turn southeastward in the next 24 hours and will move in that direction before turning southwest on Friday. An area of low pressure has formed into Tropical Depression Thirteen in the southwestern Gulf of Mexico, the U.S.

07 September 2017
Intuitive Surgical, Inc. (ISRG) Hits New 52-Week High
Blackrock Japan Co Limited invested in 0.12% or 319,704 shares. 2,000 shares were sold by SMITH LONNIE M , worth $1.50M. The Firm is engaged in the development and licensing of technology to discover and engineer monoclonal antibodies.

07 September 2017
GOP leaders 'visibly annoyed' when Ivanka Trump crashes Oval Office meeting
His administration has made it clear it wanted quick action on the debt ceiling, which is expected to be reached later this month. Barely an hour earlier, Ryan had slammed the Democrats' demand for a three-month extension as " ridiculous and disgraceful ".

07 September 2017
GlaxoSmithKline PLC (GSK) Shares Bought by AMG National Trust Bank
J P Morgan Chase & Co reiterated a "neutral" rating on shares of GlaxoSmithKline PLC in a research report on Wednesday, May 31st. The rating was maintained by BMO Capital Markets on Thursday, July 20 with "Hold". (NYSE:HP) rating on Tuesday, September 8.

07 September 2017
Health authorities launch investigation into death of expectant mother
On Wednesday morning, Ma's family and the hospital were still in dispute about the events leading up to Ma's death. "But I was told by the hospital that my wife was about to give birth and she didn't need a surgery".

07 September 2017
List of evacuations across South Florida due to Hurricane Irma
Cruise ports and airports in both counties remained open as of late afternoon on Wednesday. The barrier islands of Zone B includes Miami Beach, Sunny Isle Beach and Surfside.

07 September 2017
Guidewire Software, Inc. (GWRE) Posts Earnings Results, Beats Expectations By $0.20 EPS
As of the end of the quarter Ironbridge Capital Management Lp had sold a total of 6,469 shares trimming its holdings by 6.7%. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Guidewire Software by 12.6% during the 2nd quarter.