India can export 10 million tonnes of wheat every year by cutting down on wastage and managing its annual output better, an Assocham study said the other day.
According to the study, a staggering 40 percent of India’s annual wheat output worth Rs 50,000 crore is lost due to spoilage, because of the death of adequate scientific storage and slow pace of creating fresh warehousing capacity. (Times of India May 15, 2014).
Total production of wheat, which accounts for about 35 per cent of India’s foodgrains’ basket, may reach 100 million tonnes by 2016 -17 from the level of about 93.5 million tonnes as of 2012-13.
Assocham Secretary General D S Rawat said, “India should formulate a strategy to corner about 10 per cent share in the 100 tonnes global wheat market and take steps to tap this potential in the long run,” he added.
One should agree with Rawat's statement in public interest.
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