Context:

Recently, The Agricultural and Processed Food Products Export Development Authority (APEDA) has launched the BHARATI initiative, a new program designed to empower 100 agri-food and agri-tech startups and drive innovation in the agricultural sector. The initiative aims to boost India's agricultural exports to $50 billion by 2030.

About BHARATI initiative:

The BHARATI initiative, which stands for Bharat’s Hub for Agritech, Resilience, Advancement, and Incubation for Export Enablement, is a program designed to empower agri-food and agri-tech startups.

·        Its goal is to accelerate their journey, promote innovation, and create new export opportunities for young entrepreneurs, ultimately strengthening India's agricultural and processed food exports

About APEDA:

The Agricultural and Processed Food Products Export Development Authority (APEDA) is a statutory body established by the Indian government in 1986 under the APEDA Act of 1985.

·        It functions under the Ministry of Commerce and Industry, Government of India, with its headquarters located in New Delhi.

·        APEDA has a strong regional presence with offices set up in various cities across India to support exporters nationwide.

Key Objectives and Functions:

·        Promote Exports: APEDA's primary objective is to promote the development of exports of agricultural and processed food products from India.

·        Registration: Registers exporters of scheduled products, ensuring compliance with quality and safety standards.

·        Standards & Quality: Sets quality standards, conducts inspections, and works to improve packaging and marketing of agricultural products.

·        Financial & Technical Support: Provides financial assistance and guidelines to improve the quality and competitiveness of Indian agricultural products.

India's agricultural exports:

India's agricultural exports reached $48.8 billion in FY24, down from $53.2 billion in FY23. Key exports include marine products ($7.37 billion), rice, spices ($4.25 billion), and buffalo meat.

·        India remains a significant player in global agricultural trade, ranking 8th in the world with a 2.5% share.

·        Factors like domestic food security policies and logistical challenges can impact export volumes.

Conclusion:

The BHARATI initiative is a significant step towards strengthening India's agricultural and processed food exports. By empowering startups and driving innovation, APEDA aims to accelerate export growth and enhance India's global competitiveness in the agricultural sector. With its focus on advanced technologies and high-value categories, BHARATI has the potential to transform India's agri-food export landscape and contribute to the country's economic growth