India has achieved a tenfold increase in banana exports over the past decade and aims to reach $1 billion in exports within the next five years, according to the Agricultural and Processed Food Products Export Development Authority (APEDA).
The surge in exports follows the successful trial shipments to the Netherlands via sea routes, which are expected to open new markets. Russia is anticipated to emerge as a significant importer of Indian bananas.
In the fiscal year 2023-24, India exported bananas worth $300 million, a substantial leap from $176 million in 2022-23. The country’s global market share in banana exports has risen sharply from 0.21% in 2013 to 1.74% in 2023, reflecting its growing international footprint.
Currently, exports rely heavily on costly air transport, but the adoption of sea protocols is expected to reduce costs and increase export volumes. APEDA is working on sea transport protocols for bananas and other fruits like mangoes, pomegranates, and jackfruit to boost exports.
The government’s initiatives, including financial support, modern farming techniques, and improved infrastructure, have been instrumental in transforming India into a prominent banana exporter. States like Uttar Pradesh have also stepped up efforts, designating banana cultivation as a priority under the One District One Product (ODOP) initiative in Kushinagar.
Subsidies and incentives for farmers have led to better-quality bananas, benefiting districts in the Purvanchal and Awadh regions such as Deoria, Gorakhpur, and Ayodhya.
Enhanced cultivation practices and superior crop varieties have contributed to a steady increase in acreage and yield over the years, positioning India as a key global player in the banana market.
(IANS)
