"Agri-exports: High potential and action agenda", is a study conducted by Assocham which revealed that Indian government could potentially earn over Rs 25,000 crore by just exporting 17 million tonnes of wheat that are lying in open storage facilities of Food Corporation of India (FCI).
The industry chamber, Assocham, also suggested the government to keep a target for agricultural export of USD 50 billion for the 2013-14 fiscal as this will help control current account deficit (CAD).
The chamber president Rajkumar Dhoot said, "The government should set a USD 50 billion target for agricultural exports for the 2013-14 fiscal which should subsequently be raised to about USD 70 billion in 2017 which will help in reducing the rising CAD."
The study has also strongly for a long-term agri-exports promotion policy as farm exports have the potential to be the second most significant foreign exchange earner after software and services exports. Targeted export levels are necessary for raising the economic growth and narrow down the rising current account deficit, it added.
The official data indicates, that India had exported USD 33.54 billion worth agriculture and allied products in 2012-13.
According to the study, increase in farm exports would promote crop diversity, drive productivity of crops and encourage farmers grow specific crops to meet global demand.
Huge scope for raise in farm output lies in the eastern states, so greater investments in implementing modern and new farm practices is the need of the hour.
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