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AgroSpectrum - AgroSpectrum Dec 2021

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Floriculture Boom Adds to Agri growth Bouquet The Government of India has identified floriculture as a sunrise industry and accorded it 100 per cent export oriented status. Floriculture in India, is being viewed as a high growth Industry. Commercial floriculture is becoming important from the export angle. The liberalisation of industrial and trade policies paved the way for development of export-oriented production of cut flowers. The new seed policy had already made it feasible to import planting material of international varieties. According to IMARC, a market research company, the Indian floriculture market is expected to reach a value of Rs 661 billion by 2026, exhibiting a CAGR of 19.2 per cent during 2021-2026. As per figures provided by Agricultural & Processed Food Products Export Development Authority (APEDA), the country has exported 15,695.31 Metric Tonnes (MT) of floriculture products to the world for the worth of Rs 575.98 crore/($77.84 million) in 2020-21. We take a closer look at the projection for this new ray of agri growth for India.

AgroSpectrum Description:

Éditeur: MM-Activ-Sci-Tech-Communication

Catégorie: Business

Langue: English

Fréquence: Monthly

Agrospectrum is a B2B digital media platform catering to all sub-sectors and verticals of the agro business – from food grains to inputs, machinery, live-stock, fisheries to agro tourism. It regularly updates on latest news on Agri—business and analytical & informative articles targeted at agro industry and business leadership, key decision makers; R&D, policy makers, academia and farmers’ community leaders. The portal is devoted to agriculture related business and not farming activity. It neither informs nor guides the farmers on direct farming, but handles allied and peripheral areas of agriculture related activity called agriculture business.