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Agri exports likely to double to $100 billion by 2030: Commerce Secretary

Indian agriculture exports are valued at more than USD 50 billion currently, and according to Commerce Secretary Sunil Barthwal, they are projected to reach USD 100 billion by 2030, a doubling of that amount.

He announced that by 2030, the nation aims to export goods and services valued at USD 2 trillion.

During his speech at the IndusFood Show 2024, he expressed his certainty that India's exports, which are currently worth USD 50 billion, will double to nearly USD 100 billion by 2030.

South Asia's premier culinary and beverage event.

The secretary mentioned that there is a lot of room for growth in certain sectors, such as the ready-to-eat food category.

In addition, he stressed the need of paying attention to the technical standard needs of countries that import goods.

Despite shipments of certain essential commodities, like as sugar, rice, and wheat, being restricted, the country's agricultural exports will surpass last year's record of USD 53 billion, according to Commerce and Industry Minister Piyush Goyal, who inaugurated the event.

Exports of these goods would take a hit of almost USD 4-5 billion this fiscal, according to an earlier official.

Wheat, non-basmati white rice, and sugar are all off-limits for export due to government restrictions.

During his speech, Mohit Singla, chairman of the Trade Promotion Council of India, mentioned that the three-day event is attracting over 1,200 exhibitors and 7,500 customers from over 90 countries.

Along with Choithrams, Carrefour, Khimji Ramdas, Grand Hypermarket, Nesto, Mustafa, X5, Lulu, Almaya Group, and Spar, he mentioned that around 80 retail chains are taking part.

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