March 15, 2022
1 min read

India’s tea export likely to hit due to Ukraine crisis

India’s total tea exports to CIS countries, including Russia is usually in a range of 58-65 million kilogram, Jalan said…reports Asian Lite News

India’s tea exports to Commonwealth of Independent States (CIS) countries, including Russia, is bound to be affected due to the ongoing war.

“I stand before you at a critical juncture when the world is witnessing a major war in Europe wherein the Western Block has swiftly introduced draconian economic measures. In this world of inter-dependability, no nation, including India can remain insulated from it,” said Ajay Jalan, President of Tea Association of India — Assam Branch at the 35th biennial general meeting held in Kaziranga.

India’s total tea exports to CIS countries, including Russia is usually in a range of 58-65 million kilogram, Jalan said.

“Coupled with the fact that the country has an ongoing payment issue vis-a-vis Iran, the country is staring at a sharp decline in export figures. The export for 2021 stuck at 195.50 million kg against 256 million kg attained in the year 2018.”

On rising input costs for the industry, he said AgriTech in the form of drone technology for field monitoring and pesticides spraying, usage of artificial intelligence and machine learning in developing smart harvesters assume importance.

Talking about the proposed Tea (Promotion and Development) Bill, 2022, he said: “The Bill is a progressive one and should augur well for the Industry. The underline spirit of the Tea (Promotion & Development) Bill, 2022 is to provide for the Tea Board to move away from the regime of control to that of facilitation.”

The main objective of the Bill is to focus on quality and promotion of Indian tea as per the Draft.

The Tea Board, through the Bill, intends to remove the “archaic” provisions which have become irrelevant in today’s context.

The Board had invited stakeholders to submit their views and suggestions on the draft Bill. However, the Parliament’s approval would be needed thereafter for it to become an Act.

ALSO READ-Sun Mark Shines At Gulfood

Previous Story

Women’s 10m air rifle National T2 trials: Mehuli wins gold

Next Story

RAK Ruler receives Botswana President

Previous Story

Women’s 10m air rifle National T2 trials: Mehuli wins gold

Next Story

RAK Ruler receives Botswana President

Latest from Business

Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Cyber Chiefs Urge Urgent PHP Security Update

Cybersecurity agencies in the UK, EU and Australia have warned organisations to install critical PHP security fixes immediately or consider taking vulnerable websites offline amid reports of emerging attacks, reports Asianlite News

UK firms land £330m Africa deals

British exporters are set to benefit from more than £330 million in contracts for schools, water, electricity and government infrastructure projects in Guinea and Benin…reports Africa Daily News Desk British businesses are

US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk.
Go toTop

Don't Miss

Indian businesses eye UK for global expansion

New research reveals that 89% of Indian businesses view the

India Border Remarks Trigger Storm, Nepal Moves to Contain Fallout

Nepal’s Foreign Ministry has clarified that Prime Minister Balendra Shah’s