Tea Board asks for Rs 1,000 crore in aid from the Government

11 Nov 2022 , 03:06 PM

The Tea Board has asked for Rs1,000 crore in aid for the industry over the course of the next five years beginning in 2022—2023

According to Saurav Pahari, chairman of the tea board, the small tea growers (STGs), who account for 52% of the nation's total production, have gotten special attention in the budget that was submitted to the commerce ministry.

Following the annual general meeting (AGM) of the Indian Tea Association (ITA) on Thursday, Pahari informed reporters, "We have requested monetary assistance of Rs1000 crore in the budget given to the government for a period of five years starting 2022-23.

In a video clip, the government's chief economic adviser (CEA), V Anantha Nageswaran, stated that India's contribution to world GDP rose from 2.6% to 3.4%.

According to him, the world is currently experiencing a number of crises, including high rates of inflation, interest, and commodities prices.

Tea exports are anticipated to reach 230 million kilos in 2022, up from 196 million kilograms in the fiscal year 2021, according to ITA Chair Nayantara Pal Choudhuri.

Pal Choudhuri has also been chosen to lead the projected Asia Tea Alliance, which will include the trade associations of Sri Lanka, China, Indonesia, Nepal, and Bangladesh.

The partnership will focus on problems including trade promotion, increasing tea consumption, and technology exchange in conjunction with Solidaridad Asia.

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