India’s organic food market to treble in next four years – report

The market for organic food in India is likely to treble in the next four years, according to a report from business chamber Assocham and TechSci Research, a non-government body.

The study estimates the current market (pulses and foodgrain the bulk) at $500 million (about Rs 3,350 crore) against $360 million (Rs 2,400 crore) in 2014, the Business Standard newspaper reported.

The study, however, points to various challenges in sustaining such growth due to lack of government support, the courage (needed) to convert inorganic land into organic land, and absence of globally recognised consultancy for timely guidance to farmers, the newspaper said.

Attempts by many state governments to promote organic farming have not yielded the desired results, it says. The current certified area under organic farming in Punjab, for instance, is estimated at no more than 2,000 acres.

The government has set a target to bring 500,000 acres under organic farming in three years, with allocation support of Rs 412 crore.

 

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