Notably, India already exported $50 billion worth of goods from Food & Beverage, Agriculture, and Marine Industries last year, signaling a strong foundation for future growth to achieve $100 Billion Exports target.
India is steadily charting its path toward becoming a developed nation (Viksit Bharat), and exports play a pivotal role in this transformative journey. Under the visionary leadership of Prime Minister Narendra Modi, the government has unveiled a dynamic roadmap to bolster the Food & Beverage (F&B), agriculture, and marine product industries. Union Minister of Commerce & Industry, Shri Piyush Goyal, recently set an ambitious yet achievable target of $100 billion in combined product exports for these industries within the next five years. This vision not only underscores India’s potential as a global export hub but also aligns with the government’s commitment to innovation, sustainability, and economic growth.
A Vision Rooted in Growth and Potential
Addressing stakeholders at the 8th edition of Indusfood 2025 in New Delhi, Shri Piyush Goyal emphasized that achieving the $100 billion export target is well within reach, requiring a combined annual growth rate of 14-15%. With the support of industry leaders, government initiatives, and organizations like the Agricultural and Processed Food Products Export Development Authority (APEDA) and Marine Products Export Development Authority (MPEDA), India is poised to amplify its presence in global markets. Notably, India already exported $50 billion worth of goods from these sectors last year, signaling a strong foundation for future growth.
Key Government Policies Driving the Vision
The Modi government’s proactive policies are central to realizing this ambitious target. Some of the key measures include:
- 100% Foreign Direct Investment (FDI):
The government has allowed 100% FDI in the F&B sector, facilitating foreign ownership, management, and easy work permits for those wishing to establish businesses in India. This policy opens the door for greater global collaboration, technological transfer, and investment, creating a robust ecosystem for export-oriented growth. - Innovation and High-Quality Products:
Shri Goyal has urged Indian companies to focus on innovation, better packaging, and mechanized, hygienic processes to meet global standards. High-value, nutritious products can contribute not only to international markets but also to government-led food security programs, addressing domestic and global food challenges. - Sustainability and Organic Farming:
With sustainability at the forefront, the government is promoting organic farming and simplifying certification processes. Organic products, known for their purity and traceability, have significant export potential, offering a unique advantage in international markets. - Enhanced Infrastructure for Quality Assurance:
The government plans to expand food testing laboratories across the country, ensuring high-quality standards and safety in exported products. This move will strengthen India’s reputation as a reliable exporter of premium goods. - Promotion of Traditional and Ready-to-Eat Foods:
Indian millets, pickles, and spices have gained global traction, especially in pre-packaged formats. These products, deeply rooted in India’s culinary heritage, are now finding success abroad, thanks to their unique flavors and increasing demand for ready-to-eat options.
Indusfood: A Catalyst for Export Growth
Indusfood, launched by the Trade Promotion Council of India with support from the Department of Commerce, has emerged as a game-changing platform for India’s F&B industry. Since its inception in 2017, it has provided Indian companies with unparalleled opportunities to network with international importers, distributors, and retail chains. This export-focused trade fair simplifies sourcing for global buyers while enabling Indian companies to expand their footprint in international markets.
The 8th edition of Indusfood in 2025 marked another milestone in this journey, with stakeholders lauding the government’s support and vision. The fair exemplifies the Modi government’s commitment to promoting exports as a cornerstone of national development.
Exports as a Pillar of Viksit Bharat
The $100 billion export target for the F&B, agriculture, and marine industries is more than a number; it is a testament to the Modi government’s focus on creating a self-reliant (Atmanirbhar Bharat) and globally competitive economy. These industries, deeply intertwined with India’s rich heritage and natural resources, have the potential to elevate the country’s global standing while generating employment, improving rural livelihoods, and enhancing food security.
By fostering innovation, sustainability, and quality, the government is not only unlocking economic opportunities but also positioning India as a leader in global food systems. This vision aligns seamlessly with the broader goal of transforming India into a developed nation by 2047, the centenary of its independence.
A Recipe for Success
The Modi government’s policies for the F&B, agriculture, and marine sectors exemplify a forward-thinking approach to national development. The focus on exports, coupled with innovation and sustainability, is a strategic move to harness India’s potential as a global powerhouse in these industries.
As Indian companies embrace this vision, the $100 billion target serves as a beacon of hope and ambition, propelling the nation toward a future of prosperity and global recognition. Through concerted efforts and collaboration among stakeholders, India is not only shaping its destiny but also contributing to a resilient, sustainable, and inclusive global economy. The path to Viksit Bharat is paved with innovation, collaboration, and the unwavering spirit of progress.
