SME Times News Bureau | 23 Apr, 2021
Notwithstanding challenges faced by COVID19
pandemic, India’s export of processed food products has witnessed a growth of
26.51%in Rupee term during April-February (2020-21), compared to the same
period during the previous year (2019-20) said an official release on Friday.
The total value of export of processed products
was Rs. 43,798 crores during April-February 2021 as per the quick estimates.
Major processed food products exported from India
include pulses, processed vegetables, processed fruits and juices, groundnuts,
guar gum, cereals preparations, milled products, alcoholic beverages, and oil
meals.
Value added products such as processed
vegetables, alcoholic beverages, and milled products have witnessed a robust
growth of more than 40% in April-Feb (2020-21) compared to same period in the
previous fiscal (2019-20).
The export of miscellaneous processed items
including Indian snacks, sauces, starch products, vegetable flours, malt products
etc and pulses grew by 36% and 33% respectively in the first 11 months of the
current financial year (2020-21).
Considerable exports growth was achieved for the
cereals-based products (18%), processed fruits and juices (12%) and Groundnut
(7%). The export of oil meals rose by 96% in current fiscal (April-Feb).
Despite Covid 19 pandemic disrupted trade around
the world, the overall growth of 26.51% achieved in export of processed food
products of APEDA scheduled products due to concerted efforts and initiatives
taken to facilitate export from India.
According to Dr. M. Angamuthu, Chairman, APEDA,
this trend of increasing exports of processed food products is likely to
continue in the next financial year (2021-22).
Increase in demand of Pulses, Processed fruits
and vegetables, Milled products, cereals preparations and other processed items
is seen especially from Middle East, Far East, USA and UK markets.