The Department of Commerce is working on a programme to push exports of agricultural goods from northeastern states of the country, a senior government official said on Friday.
“The department is prepared to give a viability gap funding (VGF) for which a programme is being worked out so that the fresh agriculture produce from the northeast (NE) region can be taken to the international market because virtually, the entire region is organic and fertile,” Sudhanshu Pandey, additional secretary in the department, said.
Speaking at the North East Business Summit, Pandey said that the region produces one of the best fruits and vegetables, which holds huge export potential.
VGF is a one-time grant provided by the public sector for financial support to public-private partnerships in infrastructure, with the objective of making a project commercially viable.
This will also lead to increased private sector participation in developing infrastructure in the country through the public-private participation mode.
He also said that improving connectivity remains a top priority for the government in this region.
Further, Pandey said these states are gateway to explore the ASEAN (Association of South East Asian Nations) region.