Number of FTAs to provide better market access for India`s agri food processing sectors: Jitin Prasada
Minister of State for Commerce and Industry Jitin Prasada has said that the number of free trade agreements (FTAs) signed and implemented by India will provide better market access to the domestic agri and food processing sectors. He said that the government has taken several measures to improve ease of doing business in India.
He noted ‘We have navigated a series of free trade agreements. Our produce has access to these markets. India has recently signed and implemented FTAs with Mauritius, Australia, the EFTA bloc, the UK, Oman, and New Zealand.
He stated the government has also ensured ease of doing business in India by removing unnecessary compliances and regulatory burdens that hinder business, investment, and foreign participation within India. He added the red carpet has been rolled out for investment. Besides, he also said that India has over 40,000 registered agro-based processing units and that there is now a need to focus on increasing revenues.
