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State News

Oct 07, 2020

Great potential for growth in agriculture trade between India & Canada: Narendra Singh Tomar

Agriculture Minister Narendra Singh Tomar has said that there is a great potential for growth in agriculture trade between India and Canada.

In his inaugural address at the two-day India-Canada Agri-Tech virtual seminar yesterday, Mr Tomar highlighted that the government has initiated various reforms in the agriculture sector for establishment of One Nation-One Market, and contract farming with appropriate measures to protect small and marginal farmers.

He said, one lakh crore rupees Agri Infra Fund has also been set up. The Minister said,  government is committed to turning the agricultural sector into an investment opportunity.

Indicating the rapid growth in agri-trade between India and Canada, Mr Tomar said India is the fifth largest importer of Canadian vegetables and raw agricultural materials and the seventh-largest importer of leguminous vegetables, called Vegetarian Protein.

Canadian Minister of Agriculture and Agri-Food, Mary-Claude Bibeau highlighted that Canada and India have a proud history of strong bilateral trade and collaboration in agriculture, with a vibrant trading relationship in agriculture and agri-food, valued at over 1.5 billion dollars.

The two-day India-Canada Agri-Tech Virtual Seminar has been organized by the Indo-Canadian Business Chamber in collaboration with the Confederation of Indian Industryand the Ministry of External Affairs.

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