Telangana to get a Spice Park in Nizamabad
The Dollar Business Bureau Upon receiving a proposal from the Telangana government for setting up Spice Park at Nizamabad, Telangana for turmeric, the Central Government has conveyed that the Spices Board would extend all technical support if land and funds for establishing the Spice Park is provided by the State. The Central Government has also approved the setting up of a Spice Development Agency (SDA) for Telangana with headquarters at Warangal for co-coordinating with the State / Central Agencies implementing programmes for research, production, marketing, quality improvement and export of spices, including chilli and turmeric. The Government implements several programmes for providing assistance to spice farmers, including Chilli and Turmeric farmers, which, on one hand aim at increasing production and ensuring remunerative prices ...
Indias spices exports reach an all-time high in FY17
The Dollar Business Bureau India’s exports of spices and spice products surged 12% to an all-time high in terms of value and also in volume terms in the financial year 2016-17, a communication from the Spices Board on Wednesday revealed. India exported Rs.17,664.61 crore ($2633.3 million) worth of spice products in 2016-17. In terms of volume, it stood at 9,47,790 tonnes. In the fiscal of 2015-16, the spice products export stood at 8,43,255 tonnes in terms of volume and at Rs.16238.23 crore ($ 2482.83 million) in value terms. “India has surpassed all previous export records and has fulfilled the increasing international demand for its quality spices in the face of tough competition in global markets. More satisfying was the fact that the ...
Spices Board urges exporters to use GI details
The Dollar Business Bureau In order to make sure the authenticity of Indian spices, the Spices Board is taking deliberate steps to provide them with the status of Geographical Indication (GI). The board is requesting the exporters to mention the GI tag before shipping the spices to prevent international exporters from taking advantage of the ‘Indian Spices’ tag, which several have been doing till now. Currently, there are eight varied varieties of Cardamom, Ginger, Pepper and Chilli that have got the GI status. The Spices Board, in a circular, has requested the exporters to provide details of GI registration on all the branded spice items shipped from the country. “As a step to make sure Indianness and to supply genuine Indian spices, the spice ...
'Spice exports likely to go up in coming months'
Deepak Kumar | The Dollar Business Despite a recent decline in India’s spice exports, the spice industry is hopeful that the production will increase in coming months leading to a rise in the international shipment. “Last month, the industry was disappointed with the export figure. Our domestic production has also fallen due to unseasonal rain and a disease outbreak in some spice producing areas. We have developed certain types of spice seeds to ensure its growth amidst inhospitable weather. We are looking at better days ahead for its overall production and exports,” Balraj Singh, Director of the Indian Society of Seed Spices, told the Dollar Business. In August this year, India’s overall spice exports declined by 8.7% to $205.25 million from ...
