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India. Foodgrain Output at Record 241.6 Million Tonne

posted Nov 1, 2011, 5:11 AM by Puneet Goyal
Agriculture and Food Processing Industries Minister, Sharad Pawar, last week expressed the hope that with record production in kharif and rabi seasons this year, the food production will exceed the target in 2011-12 and the targeted 4 per cent growth in agriculture sector would be achieved.

Addressing the Economic Editors’ Conference, he said foodgrain production has reached a record level of 241.6 million tonne in 2010-11 reports Express Buzz.

India has also achieved highest ever production of wheat, pulses, oil seeds and cotton. Overall farm output has also achieved an impressive growth rate of 7.5 per cent during the last quarter of 2010-11 thus helping agriculture GDP to register a growth of 6.6 per cent during the year.

“This also makes average growth rate in current plan to be 3.2 per cent, which we could achieve under some of the worst climatic conditions like drought, unseasonal rains, flood, frost etc. in recent past,” said Mr Pawar.

Mr Pawar said the Government, over the last few years, has been able to ensure higher investments both private and public. Gross Capital Formation (GCF) as percentage of agricultural GDP clocked 18.7 per cent during first three years of current Plan, which is significantly higher compared to 12.5 per cent during whole of 10th Plan.

Simultaneously, the Plan outlay has also been hiked substantially to reach `21,530 crore in 2011-12. The National Food Security Mission (NFSM) has already accomplished its target of producing additional production of 20 million tons within 4 years of its implementation.

“During the current Plan, we are giving special emphasis on developing infrastructure for food processing. So far projects for 15 Mega Food Parks, 49 Cold Chain and 10 Abattoir are approved by the Ministry,” said Mr Pawar.