India’s agri exports can be doubled in ‘medium term’, says ITC Chairman
- ByAyushi Ray | October 1, 2021
India’s agri exports can be doubled in ‘medium term’, says ITC Chairman. There is an urgent need to deal with the agriculture value chain, which would help in improving the quality of income in rural areas and ushering in socio-economic transformation in the country, Puri said while virtually addressing an event organised by industry body PHDCCI. The sector also needs “immediate and substantive transformation” because it is also the most threatened by global climate change, he added. “I think the most important sector that we need to deal with is really the agriculture value chain. And to that I would also add the wood-based value chains as an opportunity,” Puri said.
“Presently, because of our productivity and limitations on quality, sustainability and limitations of value addition, India merely accounts for only two and a half per cent of the global exports,” the ITC chairman said. “The opportunity is very clearly to be able to double it in the medium terms, and doubling this offers the opportunity to actually improve, and improve the economics of this sector,” he said adding that it needs a lot of policy reforms. Some has been already undertaken at the centre and states level on agri infrastructure, funds, regulations, the marketing linkages, etc, Puri noted.
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