April 17, 2024


The business lovers

Spices industry holds the key to steer India’s agri exports: Goyal

Piyush Goyal, Union Minister of Commerce and Market, has urged the Indian spices sector to attempt to make the spices sector the flag bearers of Indian exports and concentration on acquiring exclusive Indian spice brands globally.

He was inaugurating the coral jubilee celebrations of the Spices Board by means of a hybrid assembly.

The Minister congratulated the spices farmers and exporters citing “in these demanding pandemic situations, the earth took observe of the age-aged and time-examined procedures of Ayurveda that concerned the use of spices in medicinal concoctions and our spices farmers and exporters deserve applause for their contributions”.

Goyal formally introduced the postal stamp to mark the coral jubilee celebrations and also introduced the weather-dependent coverage plan for tiny cardamom.

Although launching the insurance coverage scheme, the Minister suggested extending related schemes to crops throughout India. While emphasizing on the need to have for ensuring meals security and good quality, he referred to as for collective initiatives of all the stakeholders to consider the goodness of intrinsic Indian spices this kind of as Kashmir Saffron, Naga Chilli, Lakadong Turmeric and UP’s Kalonji to international markets.

The Minister appreciated the Spices Board for its proactive interventions though operating with all groups of stakeholders, trade marketing and regulatory bodies of importing international locations and inter-governmental companies which has propelled the Indian spice field to reach $ 4-billion mark.

Later on in a stay interaction with spice farmers and exporters, the Mminister confident constant guidance of the Government for even further development of the sector. 

A G Thankappan, Chairman, Spices Board presided over the function.

D Sathiyan, Secretary, Spices Board pointed out that “the coral years celebration of Spices Board comes at the juncture when spices exports have surpassed $4.18 billion. “I can proudly say that exports of spices have come a long way and have surged to this landmark in 2020-21 from $ 229 million in 1987”.

Posted on

February 27, 2022