Products such as Cotton, Silk, Bamboo, Jute, Coir & food grains are drivers of sustainable agricultural trade between India and US

Addressing a webinar on the possibilities in agricultural trade between India and the United States, Union Minister, Nitin Gadkari highlighted a wide range of products such as Silk, Jute, Coir, Bamboo, Cotton, Honey, Soybean and many food grains which have relatively higher availability in India. From importing ethanol to exporting soybean and incense sticks, both countries can mutually create a win-win situation in agricultural trade.

Micro, Small and Medium Enterprises (MSME) like Bamboo, directly associated with agriculture, is used in making incense sticks which can be a significant export commodity, same goes with high altitude honey which is of very high quality. The Sericulture industry can also be developed to increase the production of high quality silk yarn by investing in research and innovation. Besides these traditional Madhubani paintings have huge demand in the US.

Though agriculture shares 14 percent of India’s total GDP but majority of India’s agri-exports are low value, raw or semi-processed products. Therefore, the agri-export strategy should include integration of value-added agri-produce with global value chains (GVC), by adopting best agricultural practices involving productivity gains and cost competitiveness. Despite impediments in terms of GSP and subsidies the US and Indian exporters continue to explore the opportunity in foreign trade.

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