Calling for a second green revolution, the Union Minister of State for Commerce and Industry Jyotiraditya M Scindhia said that with proper investment in agriculture, technical innovation and infrastructure for food processing India could well become the food basket of the world.
Speaking at the APEDA Export Awards function which coincided with the celebrations of 25 years of APEDA, Mr. Scindhia said that agriculture sector is critical for our economy as 60-70 percent of our population is dependent on it for livelihood. “we require 4.5 to 5 per cent growth in agriculture to uplift our economy in rural areas” he added.
Referring to recent initiatives to reduce transaction costs, the Minister said that the Ministry is committed to build on the first instalment of transaction cost reducing initiatives which have resulted in saving of Rs 2100 crore in perpetuity. He hoped to come out with fresh initiatives on annual or bi-annual basis.
APEDA Exports awards were given to exporters for their performance. APEDA which has completed its silver jubilee is engaged in the promotion and development of export of agriculture and processed food products. It honoured exporters for distinguishing themselves by grossing highest turnover in their respective categories.Last Update Friday 18th February 2011