India targets ?20,000 crore in organic produce exports by 2028
New Delhi: Union minister for commerce and industry Piyush Goyal has expressed confidence in India’s ability to triple its organic produce exports to ?20,000 crore within three years as the country adopts natural farming on a larger scale.
Speaking at the launch of the 8th edition of the National Programme for Organic Production (NPOP), Goyal highlighted the potential for Indian farmers to dominate the global organic market by enhancing domestic production and increasing exports.
Currently, India exports organic produce worth ?5,000-6,000 crore annually. However, with focused efforts on transitioning farmers to organic practices and strengthening support systems, Goyal is optimistic about achieving the ?20,000 crore milestone.
India was the world’s eighth-largest agricultural exporter in 2023 despite a decline in exports from $51.12 billion in FY23 to $48.77 billion in FY24.
“The global demand for organic products, currently valued at ?1 lakh crore ( ?1 trillion), could grow tenfold. India, as the global leader in the number of organic farmers and ranking second in terms of organic cultivation area, is well-positioned to capture a significant share of this expanding market,” he said at the event organized by the Agricultural & Processed Food Products Export Development Authority (Apeda) in collaboration with the Federation of Indian Chambers of Commerce and Industry (Ficci).
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