India’s exports of agricultural, processed food products rise by 31% in 1st 3 months of current fiscal.

• The exports of agricultural and processed food products have risen by 31 per cent in the first three months of the current financial year.
• According to the provisional data released by the Directorate General of Commercial Intelligence and Statistics, the overall export of agricultural and processed food products increased to seven thousand 408 million US dollar in April-June this year from 5663 million US dollar over the same period of the last fiscal.
• The export target for April-June this year was fixed at five thousand 890 million US dollar. Agricultural and Processed Food Products Export Development Authority, APEDA’s various initiatives have helped the country in achieving 31 percent of the total export target in the first quarter of the current fiscal.
• APEDA has set an export target of 23.56 billion US dollar for agricultural and processed food products basket for this fiscal year.

About

• The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the Government of India under the Agricultural and Processed Food Products Export Development Authority Act, 1985.
• It functions under the Ministry of Commerce and Industry.
• The Authority has its headquarters in New Delhi.