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India earns Rs 18,000 crore a year from Basmati Rice exports
Commodity Online | July 17 2018
UPDATED 18:31:38 IST

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From export of Pusa Basmati 1121 Rice variety, developed by country’s top agri-institute “Indian Council of Agricultural Research” (ICAR) has earned over Rs 18,000 crore in foreign exchange every year for India.

During 2010-14, India earned Rs 62,800 crore in foreign exchange from exports, which rose to Rs 71,900 crore in 2014-18.

ICAR has developed many new varieties and technologies which have helped transform the food importing nation to an food exporting country.

The institute is playing an important role in fulfilling the government’s vision of doubling farmers’ income by 2022.

ICAR research so far was on raising farm output to reduce the country’s dependence on imports but going forward the institute is likely to concentrate on raising crop yields, increasing nutrition level, developing climate resilient crop varieties besides attracting youth in farm sector.

 

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