Wednesday, August 27, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Sectors Agriculture

Spice Board sets export targets of $5bn by 2025-$10bn by 2030

Fiinews by Fiinews
December 2, 2020
in Agriculture, Exports, Investment, Technology
Reading Time: 2 mins read
A A
0
Spice Board of India
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Traceability solutions needed for Indian spices in international markets

The Spice Board of India has set a target for exports of spices at US$5 billion by 2025 and US$10 billion by 2030, having crossed US$3 billion for the first time in the history amidst the COVID-19 crisis, said D Sathiyan, Chairman and Secretary, Spices Board of India, Ministry of Commerce & Industry.

“For achieving this target, the need of the hour is to develop infrastructure for value addition and maintain focus on quality and safety requirement of destination markets,” he told a webinar on ‘Enhancing Export competitiveness of Spices’ organized by FICCI on 1 Dec 2020.

Sathiyan also called for traceability solutions to be made an integral part of the supply chain to sustain the robust demand for Indian spices in the international market.

Right time has come for India to enhance larger share in value-added exports of spices by connecting Indian farmers to global markets through a cluster approach and leveraging new digital technologies, according to Sanjeev Bisht, Head-Spices and Aqua, ITC Ltd.

“Given our rich heritage and portfolio of locally grown spices and herbs and the expertise developed by the industry in supplying value-added products through a supply chain built on sustainability and traceability, India has the potential to grow manifold,” said Sanjay Sacheti, Co-Chairman, FICCI National Agriculture Committee & Country Head & ED, Olam Agro India Pvt Ltd.

He sees growth in exports of Indian spices and related value-added products over the next few years with suitable governmental support and strong private sector initiatives.

“To ensure quality needs of export markets in spices, it is important to invest in traceability technology,” added T R Kesavan, Chairman, FICCI National Agriculture Committee and Group President, TAFE Ltd.

This will ensure management of quality and build efficiency in the entire spice value chain starting from production, processing, and export markets, added Kesavan, highlighting the importance of research institutes to develop suitable varieties for enhancing export competitiveness of Indian spices.

The Indian Spices exports sector at US$3 billion offers a plethora of avenues for growth, added Nitin Puri, Group President and Global Head, Food & Agribusiness Strategic Advisory & Research, YES BANK.

“A combination of technology, sustainability, traceability, product innovations, value addition, infrastructure and branding can open up newer markets for the country,” believes Puri. #exports #agriculture #processing #manufacturing #investment #technologies /fiinews.com

Tags: Spice Board of India
ShareTweetShare

Related Posts

Avana
Investment

Invest: AVANA to provide US capital to Indian MSMEs

by Fiinews
August 27, 2025
0
11

LendThrive Finance to start NBFC operations from Pune Arizona-headquartered AVANA Companies will provide in six months US capital for covering...

LTF
Investment

Invest: LTF offers loans on Google Pay

by Fiinews
August 26, 2025
0
16

Financial products being embedded into high-engagement ecosystems L&T Finance Ltd (LTF) has forged a partnership with Google Pay to offer...

IILM

Tech: IILM and E-Group to work on AI

August 26, 2025
11
Perfios X Satsure

Tech: Perfios-SatSure work on Agri lending

August 26, 2025
12
Europen Green Deal

Export: PEA gets clarity on EU Guidelines

August 26, 2025
12
Dpiit Startup India

Tech: SPF says Board to foster deeptech framework

August 26, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Gopinath will develop from Bengaluru, says Albertsons®
  • Tech: HCLTech-Thought Machine to help global banks
  • Invest: AVANA to provide US capital to Indian MSMEs
  • Tender: Rs.23,850cr projects in planning stage
  • Invest: LTF offers loans on Google Pay

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.