Export Vision
Minister Goyal sees $100 bln food, beverage, farm, marine exports in 5 years
This story was originally published at 10:06 IST on 11 January 2025
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NEW DELHI – Minister of Commerce and Industry Piyush Goyal has outlined a vision for $100 billion exports of food and beverage, agriculture, and marine industries in next five years. The target is "not very ambitious" as the industries need to grow at a combined rate of 14-15%, Goyal Friday said at an interaction with the Food & Beverage industry stakeholders on the sidelines of Indusfood 2025.
"The minister urged the Indian companies to invest in innovation, in better packaging, in sustainability, to mechanise their processes to make them more hygienic and encouraged the stakeholders present to bring out high-value products on nutrition that can be used by the government for its food security programmes in the country," the commerce ministry said in a release.
Goyal said that the Agricultural and Processed Food Products Export Development Authority, and the Marine Products Export Development Authority have played a crucial role in India exporting $50 billion of goods last year. End
US$1 = INR 85.97
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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