Organic goods exports can hit Rs 20K crore in 3 years: Piyush Goyal
Piyush Goyal said Thursday.
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«Currently, our organic product exports are at Rs 5,000-6,000 crore. In the next three years, we can easily achieve Rs 20,000 crore exports, about 3-3.5 times increase from the current level,» Goyal said at the eighth edition of National Programme for Organic Production (NPOP). The new regulations are aimed at enhancing clarity and transparency in organic product standards and aligning with global standards.
Goyal said the global demand for these products is about Rs 1 lakh crore, which can grow up to Rs 10 lakh crore in the coming years and asked startups to come out with solutions that help in growth of the sector. He also said the cooperative sector, farming sector and the trade sector will assist the organic sector to grow in the future.
The revised NPOP stresses on farmer-friendly regulations, streamlined certification, enhanced transparency and revamped traceability system with an ambitious target of reaching $2 billion organic food exports by 2030.
At the event, TraceNet 2.0, an upgraded traceability platform of NPOP for seamless operations and enhanced tools for regulatory oversight, was also launched.
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