New Delhi, Aug 18 - India must increase its share in the global agricultural exports and for this it should invest in right technology and human resource development, Commerce and Industry Minister Anand Sharma said here Tuesday.

'Agricultural exports comprise only 12 percent of our total exports,' Sharma said while delivering the valedictory address at a national workshop on 'Achieving Exponential Growth in Agro Exports', organised by the Agricultural and Processed Food Products Export Development Authority (APEDA).

'We must work to double that and my good luck to APEDA for targeting to double (agricultural) exports to Rs.20 billion in five years,' he said.

'But the global agricultural trade is worth $800 billion. We cannot be content with around 1.5 percent share of the global market and we should work to double that.'

A major reason for this, he said, was the high level of wastage of the country's agricultural produce.

Stating that it was important to give focus to agro-based industries, Sharma said all that was produced in India was not consumed.

'We had constraints, absence of adequate technology, storage capacity, cold chain, food processing industries.