New Delhi, Sep 3 (PTI) Agricultural and Processed Food Products Export Development Authority (APEDA) on Friday inked an MoU with ICAR-Indian Institute of Millet Research for increasing exports through quality production and processing, an official statement said.

The key focus of the MoU (Memorandum of Understanding) would be to promote commercial cultivation of processable varieties developed by ICAR-Indian Institute of Millet Research (ICAR-IIMR) for exports which are expected to promote value addition of millets, a cereal with high nutritive value, the commerce ministry said.

Also Read | Punjab Horror: 27-Year-Old Man Hacked to Death By Six People In Hoshiarpur’s Garhshankar.

A joint coordination committee with representatives from APEDA and ICAR-IIMR would be set up to achieve the goals envisaged under the MoU.

"The objective of the MoU is to build the export-centric ecosystem with the requisite supply chain linkages, technological repository, clinical studies, awareness creation, policy changes, and pipeline of entrepreneurs," it added.

Also Read | Sensex Closes Over 58,000 Mark, Reliance M-Cap Tops Rs 15 Lakh Crore.

Both, APEDA and ICAR-IIMR would work for developing knowledge on the understanding of markets, consumer preferences, emerging segments, analyse export competitiveness, price volatility of markets, and market intelligence on standards, regulations, and trade policies, it said.

Creation of a Millet Export Promotion Forum in collaboration with all the key stakeholders for identifying export clusters to source sizable quantities of produce and for linking stakeholders with FPO's would be taken up jointly by both the organisations of repute.

Millets are cereal crops with high nutritive value and are categorised as small-seeded grasses. The key varieties of millets include Sorghum, Pearl Millet, Ragi, Small Millet, Foxtail Millet, Barnyard Millet, Kodo Millet, and others.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)