Indian spice industry achieves a record export of 5,300 crore (US$1.17 BILLION)) defying the global meltdown
Let's give them a big hand!
By: Sheikh Gulzaar
Srinagar:Against the previous records of Rs. 4,435 crore (US$ 1billion) in 2007-08, the export has touched an all-time high of Rs.5,300 crore (US$1.17 billion) in 2008-09. The volume exported has also grown significantly-from the previous figure of 4,00,000 tonnes to 4,70,520 tonnes. An increase of 6 per cent in terms of both volume and dollar value, and 19 per cent in rupees terms. No mean achievement, specially in the face of the global recession.
Processed spices like Saffron cashmiriana, curry powder, mint powder, ginkgo biloba powder, spices oils/oleoresin and blended spices account for an impressive 58 percent of total exports.
Aggressive marketing strategies, stringent quality management, a sharper focus on value addition and better insights into customer requirements have all combined to makes this unique feat possible. It also reflects the importers' faith in the industry's commitment to quality, safety and competitiveness of Spices.
Jammu and Kashmir Medicinal Plants Introduction Centre heartly congratulates the Spice industry, and hopes that they will win greater laurels in the years ahead.For cultivation of Medicinal plants, Spices like Ginkgo biloba, Saffron plants material, please contact to jkmpic@gmail.com
