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News Commodities

  • Mar 12, 2013
  • Efforts to increase export of agricultural commodities

    Government today said it is making all efforts to increase export of agricultural commodities, including wheat, rice, vegetables, meat and marine products, and India has emerged as the second highest exporter in this sector. "The picture being painted that there has been a fall in export of agricultural products is incorrect. Processed agricultural products, vegetables and fruits are being exported as part of India's foreign trade policy," Commerce and Industry Minister Anand Sharma told the Lok Sabha during Question Hour. He emphasised that government is giving a 5 per cent export incentive to this sector. "It is under Open General Licence and there are no barriers," Sharma said. The minister claimed that government is making all efforts to increase export of agricultural products and India is now the second highest exporter in this sector.

    Source - http://m.economictimes.com