Agricultural and Processed Food Exports Development Authority (APEDA), in collaboration with the Indian Embassy in Azerbaijan, hosted a Virtual Buyer Seller Meet (BSM) along with Stakeholders to Increase Rice Exports with the international competitiveness of India’s agricultural and processed food goods. The conference brings up important stakeholders From the various governments and business sectors on a single platform to create strategic collaboration in the exporting of Basmati rice between India and Azerbaijan.
These all stakeholders have been certified under APEDA Registration. In this article, we shall read the latest updates as APEDA Hosts Virtual Meeting with Stakeholders to Increase Rice Exports.
What is APEDA?
The Agricultural and Processed Food Products Export Development Authority (APEDA) is a government organization that was established in 1985 by an act to promote the development and expansion of scheduled commodity exports.
It provides financial aid, knowledge, and guidance to help planned goods advance.
The APEDA ACT defines some items as scheduled products, and exporters of such scheduled products have to register under APEDA to avail the various benefits of APEDA Registration.
Virtual Meeting to benefit APEDA Registered Merchants
APEDA, the Indian embassy, the Chamber of Commerce and Industry of Togo, and prominent rice merchants from India joined the virtual meeting on Friday. The meeting’s agenda was “Opportunities in the non-Basmati rice sector between India and Togo”.
The export development campaign could not be practically arranged because of the continuing Covid19 pandemic. APEDA was the driving force behind the creation of Virtual BSM, a forum for Indian and Azerbaijani exporters Azerbaijan’s Virtual-BSM with APEDA is the 16th of a series of such events with countries around the world. The United Arab Emirates (UAE) was the first to host a virtual Virtual-BSM, followed by Kuwait, Indonesia, Australia, Belgium, Germany, the United States, Iran, Canada, Thailand, Switzerland, South Africa, and Nepal.
On the Virtual-BSM stage, top exporters of Basmati rice having APEDA Registration gave presentations. According to Azerbaijan’s National Confederation of Entrepreneur (Employer’s) Organizations (ASK), they would like to import Indian Basmati Rice.
APEDA’S Aim to grow exporters having APEDA Registration
During the previous fiscal year, India exported non-basmati rice worth approximately Rs.35476 crore. A total of Rs.14091 crore ($1,901 million) worth of rice was shipped from April to July in the current fiscal year.
APEDA’s aim at expanding its cereal export footprint by looking for new opportunities in different nations or markets have paid off. The quick increase in trade of rice (basmati and non-basmati), wheat, and other cereals in 2020-21 is due to synergistic effects and teamwork among various players in the export promotion process, including farmers, millers, exporters, and government agencies.
Also, APEDA has been investigating new options for cereal products in conjunction with a variety of stakeholders, ensuring access to markets, quality of product, delivery of the product, and phytosanitary regulations.
What are the advantages that come with APEDA Registration?
There are countless benefits associated with APEDA Registration. The most important ones are as follows.
- APEDA contributes to the improvement and strengthening of certified export test laboratories and strategies for monitoring residues.
- Also, APEDA provides assistance for the improvement of infrastructure. It helps improve the quality and expansion of agricultural exports goods through financial aid programs.
- APEDA organizes and promotes exporters’ participation in International Trade Fairs. Exporters are given the opportunity to promote their products for sale in the world. Additionally, to encourage agri-exports to the world, APEDA organizes National events such as AAHAR as well as The Organic World Congress, BioFach India, etc.
- To meet the high standards set by the global marketplace, APEDA also aids in the registration of pack-houses for garden products. For instance, to guarantee compliance with the quality requirements of EU and non-EU countries the registration of export facilities for peanut shells as well as processing and grading units is mandatory.
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