09-01-2024 02:45 PM | Source: Accord Fintech
Processed food exports grow 150% over last nine years: Piyush Goyal

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Highlighting the 150% growth in processed food exports over the last nine years, Union Minister of Commerce & Industry, Piyush Goyal has said that India’s agricultural exports stood at an aggregate of about $53 billion. He emphasized the need for large-scale food processing, product branding, and export focus to provide better value to farmers, generate employment, and enhance the country's earnings.

The Minister praised India's diverse food industry, emphasizing its potential to captivate global markets. He also lauded the success of food security initiatives of the government such as the 'Pradhan Mantri Garib Kalyan Anna Yojana', providing free food grains to 81 Crore people and ensuring zero starvation deaths in the country. 

Besides, Goyal highlighted India's economic strengths as the fastest-growing large economy, attributing the success to solid macroeconomic foundations and a youthful demographic dividend. He credited social media and global influencers for promoting Indian culinary delights, leading to a surge in the popularity of diverse regional cuisines. Also Goyal highlighted the richness of Indian cuisine, noting its distinctive flavors, spices, and aromas.