Financial Assistance and Subsidies by APEDA for Agri-Exporters
The Agricultural and Processed Food Products Export Development Authority (APEDA) plays a pivotal role in promoting India’s agricultural exports by offering a range of financial assistance schemes to agri-exporters. These initiatives are designed to enhance infrastructure, ensure quality compliance, and boost market promotion, thereby making Indian agricultural products more competitive in the global market.
1. Infrastructure Development
APEDA provides financial assistance to exporters for the development and upgradation of infrastructure facilities. This includes setting up packhouses with grading and packing lines, pre-cooling units, cold storage facilities, and refrigerated transportation. Such infrastructure is crucial for maintaining the quality and extending the shelf life of perishable agricultural commodities during transit.
The assistance covers up to 40% of the total cost, subject to a ceiling of ₹200 lakhs per beneficiary per location. Additionally, for common infrastructure facilities like integrated packhouses and processing units set up by central and state government institutions, the assistance can go up to 90% of the approved cost, with a ceiling of ₹600 lakhs.
2. Quality Development
To ensure that Indian agricultural products meet international quality standards, APEDA offers financial assistance for various quality development initiatives. This includes support for implementing and certifying quality and food safety management systems, standardization, and harmonization with traceability systems.
Exporters can receive up to 50% of the total cost for implementing quality and food safety management systems, subject to a ceiling of ₹5 lakhs per certification. For standardization and harmonization with traceability systems, assistance is available up to 50% of the cost of equipment, with a ceiling of ₹20 lakhs per beneficiary.
3. Market Promotion
APEDA assists exporters in promoting their products in international markets through participation in trade fairs, buyer-seller meets, and development of packaging standards. These activities help in enhancing the visibility of Indian agricultural products and expanding their reach globally.
The assistance covers expenses related to participation in international trade fairs, organizing buyer-seller meets, and developing packaging standards for new products or upgrading existing ones. This support is crucial for exporters to showcase their products on international platforms and stay competitive in the global market.
Impact of APEDA’s Financial Assistance Schemes
APEDA’s financial assistance schemes have significantly contributed to the growth of India’s agricultural exports. Between 2019-20 and 2023-24, there was a 47.3% increase in the volume of exports of fruits and vegetables. In terms of value, exports grew from USD 1,282.43 million in 2019-20 to USD 1,814.58 million in 2023-24, marking a 41.5% increase.
How Altus Exports Can Assist Indian Manufacturers
While APEDA provides substantial support to agri-exporters, navigating the complexities of international trade requires expertise and a robust network. This is where Altus Exports comes into play.
Altus Exports is dedicated to sharing India’s vibrant culture and exceptional craftsmanship with the world. Whether you’re seeking luxurious textiles, unique handicrafts, high-quality chemicals, or authentic food products, we are your trusted partner in sourcing and exporting the best of India. Our extensive network of trusted suppliers, manufacturers, and artisans across India enables us to offer a diverse range of products and swift response times to meet your needs.
By partnering with Altus Exports, Indian manufacturers can leverage our expertise in international trade, ensuring that their products meet global standards and reach the right markets. We assist in navigating regulatory requirements, optimizing supply chains, and implementing effective marketing strategies to enhance product visibility and acceptance in international markets.
To explore partnership opportunities, Indian manufacturers can visit our Manufacturer Partnership page at https://altusexports.com/manufacturer-partnership/. Here, you’ll find detailed information on how we can collaborate to take your products to the global stage.
Conclusion
APEDA’s financial assistance schemes have been instrumental in bolstering India’s agricultural exports by providing support in infrastructure development, quality assurance, and market promotion. However, to fully capitalize on these opportunities, partnering with experienced export facilitators like Altus Exports can provide the necessary expertise and networks to successfully navigate the complexities of international trade. Together, we can ensure that Indian agricultural products continue to thrive in the global marketplace.