Monday, March 1, 2021
Home News Reports UAE and Saudi Arabia to invest in agricultural sector in India: Union Minister Suresh...

UAE and Saudi Arabia to invest in agricultural sector in India: Union Minister Suresh Prabhu

Suresh Prabhu stated that the NDA government has removed restrictions on organic and processed products which will benefit Indian farmers who are looking for a higher price for their products.

UAE and Saudi Arabia have decided to use India as a base to address their food security concerns, Union Minister for Commerce and Industry Suresh Prabhu said at a summit of the Confederation of Indian Industry on Sunday in Mumbai.

“The UAE and Saudi Arabia will use India as a base in addressing their food security concerns. For the first time, India’s export policy identifies the potential of agriculture along with horticulture, dairy, plantation and fisheries,” Prabhu said.

“We are ready for exports. A great buyback is possible from the Gulf region. The UAE wants to invest in organic and the food processing industries. The farmers are already getting 150% of production cost as Minimum Support Price. If a farmer exports, he will earn much more,” he added.

Prabhu also stated that the two countries will be investing in organic and food processing industries. He also stated that the NDA government has removed restrictions on organic and processed products which will benefit Indian farmers who are looking for a higher price for their products.

“In the export policy, we have decided to remove all restrictions on organic products and processed products. Both the UAE and Saudi want to invest in both organic as well as food processing industries. This will be a win-win situation for the UAE, Saudi, and other GCC countries but also for us, particularly for our farmers, who want better prices to their products,” he stated.

He further asserted that there was a huge scope for agricultural exports and the NDA government’s Agricultural Export Policy will benefit the farmers of the country. He stated, “There is huge potential for agriculture exports. The Agriculture Export Policy approved by the Union Cabinet recently will give a boost not only to agriculture but also to horticulture, plantation, fisheries and dairy sectors. The policy will help fetch good prices for agricultural produce.”

The Union Minister also said that the government is looking to establish bilateral trade relationships with all countries. He displayed an eagerness to have free trade agreements with Latin America, Africa and Southeast Asia.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Madhya Pradesh is preparing to change the names of Bhopal, Idgah Hills, Obedullahganj, Begumganj and others: Report

The BJP Government in Madhya Pradesh is preparing to change the names of numerous places at once, which includes Bhopal.

Congress IT cell passes off old images of left parties rally to claim lakhs of people attended their rally in Bengal

Several Congress shared images of a political rally claiming lakhs of people had gathered in Kolkata for a Congress rally

Gujarat local body polls: State Congress President Hardik Patel could not vote for his own party. Here is why

Earlier, sedition accused Hardik Patel had said that Congress has not been able to utilise him fully.

Watch: Mother of BJP worker recounts the horror of Friday when Trinamool goons attacked her and her son

Visuals of the old injured mother of the BJP worjer has caused much anguish among people on social media

Punjabi daily Rozana Pehredar tries to whitewash atrocities of Khalistani terrorist Bhindranwale

Rozana Pehredaar compared Bhindranwale with revered Sikhs like Baba Deep Singh and Amar Shaheed baba Naudh Singh

Ghulam Nabi Azad praises PM Modi day after show of strength in Jammu, netizens take potshots at Congress party

Ghulam Nabi Azad hinted at the lack of 'reality check' within the party while praising Narendra Modi for not forgetting his roots.

Recently Popular

Did Aamir Khan’s daughter Ira Khan elope with her Hindu servant? Here is the truth

The image that is being used to claim that Iran Khan has 'eloped with her Hindu servant' was originally shared by Nupur Shikare, her fitness trainer. The two were posing on the occasion of Diwali.

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Father of Richa Bharti, the girl who had refused to distribute Quran to secure bail, shot dead in native Bihar village: Read details

The father of the daring Bihar girl Richa Bharti has been shot down by assailants in her native village of Nalanda district in Bihar.

“A contest between my ball and your ball”: Netizens in splits after comments of Harsha Bhogle go viral

Harsha Bhohgle said that a cricket contest should be between bat and ball, not between bat and bat or ball and ball

Spokesperson of Samajwadi Party resigns after workers abuse his wife for sharing anti-Akhilesh Facebook post: Details

Anil Yadav of Samajwadi Party has resigned from the party after his wife, Pankhuri Pathak, was abused by SP workers.

‘I’m Akhlaq you killed for one cow’: Islamic terror outfit Jaish-ul-Hind claims responsibility for placing bombs outside Mukesh Ambani’s residence

In the threat message that is addressed to the Ambanis, the Jaish-Ul-Hind terrorists said, "Next time the SUV will ram into your fat kids car you if don't agree to the demands now".
- Advertisement -

 

Connect with us

253,147FansLike
521,030FollowersFollow
23,800SubscribersSubscribe