India can boost organic product exports to ₹20,000 crore in 3 years: Goyal

New Delhi, Jan 9 (PTI) India has the potential to increase exports of organic products up to Rs 20,000 crore in the next three years, Commerce and Industry Minister Piyush Goyal said on Thursday.

He said this while releasing the eighth edition of National Programme for Organic Production (NPOP) with new regulations aimed at enhancing clarity and transparency in organic product standards as well as aligning with global standards.

"Currently, our organic product exports are at Rs 5,000-6,000 crore. In the next three years, we can easily achieve Rs 20,000 crore exports, about 3-3.5 times increase from the current level," Goyal said at an event organised in partnership with industry body Ficci.

He said the global demand for these products is about Rs 1 lakh crore, which can grow up to Rs 10 lakh crore in the coming years, a unique opportunity India should not miss.

India already has one of the largest numbers of farmers in the world undertaking organic farming.

He also asked startups to come out with solutions that help in growth of the sector.

The NPOP has undergone several revisions since its inception in May 2001. The eighth edition marks a significant update to the regulatory framework governing organic products in India, with the last revision occurring in 2014.

Key features of the eighth edition of NPOP include farmer-friendly regulations, streamlined certification, enhanced transparency and revamped traceability system.

The eighth edition aims to bolster India's organic export sector, with an ambitious target of reaching USD 2 billion in organic food exports by 2030.

Ministers of State for Cooperation Krishan Pal Gurjar and Murlidhar Mohol, Minister of State for Commerce Jitin Prasada and Cooperation Secretary Ashish Kumar Bhutani were also present at the event.

NPOP plays a crucial role in enhancing the credibility of organic products in both national and international markets. It ensures that agricultural products labelled as "organic" meet stringent standards, thereby protecting consumer interests and promoting sustainable agricultural practices.

It is overseen by the Commerce Ministry, with the Agricultural and Processed Food Products Export Development Authority (APEDA) managing its implementation.

TraceNet 2.0, an upgraded traceability platform of NPOP for seamless operations and enhanced tools for regulatory oversight, was also launched.

On the occasion, a dedicated NPOP portal was launched for more visibility and ease of Operations for Organic stakeholders. An upgraded redesigned APEDA portal as well as an agri exchange portal were also unveiled. PTI