The Government is working on a strategy on the diversification of India’s export basket in a bid to enhance its export presence in the top items of world trade as well as to increase the country’s outbound shipments, both in value and quantity.
“We are working on a marketing strategy to diversify the export basket and we will offer it to the industry. The Government is committed to increase the ease of doing business and make India a leading destination for various products and services in the world,” the Union Minister for Commerce and Industry Suresh Prabhu said on Thursday.
The Minister has inaugurated ‘Indus Food’ - a Mega International Food and Beverage Tradeshow at India Expo Mart In Greater Noida. Indus Food is witnessing participation from over 400 exhibitors including representations from over 12 States and Departments. Global Buyers from 43 nations. The event is expected to provide a robust platform for Indian exporters to access global market without having the trouble of going to overseas trade fairs.
During his inaugural address, Prabhu said, “This trade show is being positioned as the next global Food and Beverages (F&B) market in the Asian Sub-continent like ANUGA, SIAL and Gulf food. This year we have covered sectors such as processed food, Dairy, Fruits & Vegetables, Meat, Seafood, Spices, Tea/coffee, Ingredients, Pulses and Grains. We aim to include more items in the next edition.”
The Minister informed the delegates at the who that the Commerce Ministry is formulating an aggressive Agri Export Policy and will hold consultations with the public and the stakeholders in the next few weeks.
“The Government has established 60 fully equipped Agri-Export Zones (AEZs), in addition to 42 mega food parks and 128 cold chains, to boost agricultural and food processing exports. In other words, there is a great potential to conduct business in India as the Centre of South East Asia as a trading hub in F&B sector,” Prabhu noted.