Quote on Budget Expectation Argi-Commodity- FMCG Sector by Atul Garg, Managing Director, GRM Overseas Limited
Below the Quote on budget expectation by Atul Garg, Managing Director, GRM Overseas Limited
We hope that the budget will include measures to create buffer stocks of essential food grains like rice and wheat to address any shortfall in production and also to avoid export restrictions.
Strengthening access to credit for long-term loans is essential to enhance growth, productivity, and farm income in the agri- commodity sector. Additionally, minimizing wastage by augmenting storage capacities and upgrading warehouses is crucial. Infrastructure still continues to be a challenge and its pan-India development is a critical driver of agricultural growth. Building rural infrastructure, including roads, bridges, storage facilities, cold chains, and veterinary services, can significantly reduce post-harvest losses and improve market access for farmers in remote areas. These measures will lead to increased participation of India in global agriculture and food exports.
We recommend enhancing the budget allocation for the Agricultural and Processed Food Products Export Development Authority (APEDA) to boost farm exports. Establishing district export hubs are essential steps toward achieving these goals.
These initiatives are critical for the sustained growth and global competitiveness of the rice industry, and we look forward to positive steps in this direction in the upcoming budget.
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