EXPORT PROCEDURE
Speaking recently about the export prospects of spices, Mr. Thomas Philip, Chairman, All India Spices Exporters Forum said that India may soon emerge as the world’s leading producer of processed spices doubling annual export earnings to US$1 billion within the next five years.
For achieving this, he said that a conducive industry environment and stable policy framework is necessary for such growth.
Indian spices, he further added, have changed from the decade ago scenario with value added or processed goods contributing bulk of revenue instead of primary raw materials.
The change has taken place during the last one decade. In 1990, 83% of India’s pepper export was in primary form. Today however only 25% of pepper exports are in primary raw material form while the rest goes in processed form.
Speaking recently about the export prospects of spices, Mr. Thomas Philip, Chairman, All India Spices Exporters Forum said that India may soon emerge as the world’s leading producer of processed spices doubling annual export earnings to US$1 billion within the next five years.
For achieving this, he said that a conducive industry environment and stable policy framework is necessary for such growth.
Indian spices, he further added, have changed from the decade ago scenario with value added or processed goods contributing bulk of revenue instead of primary raw materials.
The change has taken place during the last one decade. In 1990, 83% of India’s pepper export was in primary form. Today however only 25% of pepper exports are in primary raw material form while the rest goes in processed form.