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India’s agrifood exports to reach 100 billion dollars by 2030…

India’s agriculture exports, which stood at over 50 billion dollars at present, are expected to double by 2030 and reach 100 billion dollars, Commerce Secretary Sunil Barthwal said on Monday.

Sunil Barthwal

He said that the country is targeting 2 trillion dollars worth of exports of goods and services by 2030.

“I am very sure that this 50 billion dollars exports of India today will see a doubling of our exports by 2030 to almost 100 billion dollars,” he said at the IndusFood Show 2024 here.

This is the largest food and beverage show in South Asia.

The secretary said that areas like the ready-to-eat food segment have huge potential to grow.

He also urged the industry to focus on the technical standard requirements of importing countries.

Inaugurating the show, Commerce and Industry Minister Piyush Goyal said that this fiscal year, the country’s agri exports will be more than last year’s level of 53 billion dollars, despite restrictions imposed on shipments of certain key commodities, including rice, wheat and sugar.

Piyush Goyal

Earlier, an official said that the export ban and restrictions on these commodities may hit exports of about 4-5 billion dollars this fiscal.

The government has prohibited exports of wheat and non-basmati white rice and has also imposed curbs on sugar exports.

Speaking at the event, Trade Promotion Council of India Chairman Mohit Singla said that over 1,200 exhibitors and more than 7,500 buyers from across the world representing about 90 countries are participating in the three-day show.

Over 80 retail chains, such as Choithrams, Carrefour, Khimji Ramdas, Grand Hypermarket, Nesto, Mustafa, X5, Lulu, Almaya Group, and Spar, are also participating, he added.

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