The export potential of plantation commodities and their value-added merchandise is excessive, mentioned Neeraj Gaba, Director – Plantations, Division of Commerce.
Tea exports final fiscal had been 260 million kg and low exports had been value $1.29 billion. Export of spices was rising at a CAGR of 8.9 % persistently, he mentioned on Saturday on the annual meeting of the United Planters Association of Southern India (UPASI).
Whereas nearly 50% of spices exported had been in value-added kind, 38% of espresso exports had been value-added. In tea too, there ought to be worth addition.
Observing that there was a rise in allocation for all of the plantation sectors for the present and subsequent monetary years, he urged planters and the trade to utilize the brand new schemes authorized not too long ago for these sectors.
The annual allocation for espresso sector, which was ₹220 crore, had been enhanced to ₹300 crore with a thrust on mechanisation and high quality enchancment, a senior official of the Espresso Board advised The Hindu.
Monetary help for the tea sector underneath the ‘Tea Improvement & Promotion Scheme’ had been elevated from ₹290.81 crore to ₹528.97 crore for 2024-25 and 2025-26 and the operational tips for the scheme had been issued not too long ago, added an official of the Tea Board.
Revealed – September 21, 2024 09:17 pm IST
