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'Any additional revenue stream welcome,' says the company that has estates in several states
Signs deal with Dhunseri group for the last four estates it currently owns
The Tea Board has sought an assistance of Rs 1,000 crore for the industry in the next five years starting 2022-23. Chairman of Tea Board Saurav Pahari said that in the budget submitted to the Union Commerce ministry, focus has been on handholding the small tea growers (STGs) which contribute to 52 per cent of the total production in the country. "We have sought an assistance of Rs 1,000 crore in the budget submitted to the ministry for a period of five years starting 2022-23", Pahari told reporters after the AGM of Indian Tea Association (ITA) here on Thursday. He said that the budget is primarily intended to handhold the STGs which contribute to 52 per cent of the country's production volumes. Pahari said the Tea Board had also sought subsidy for orthodox tea production which has a good export market. "It is good to note that the tea industry on the whole now acknowledges the contribution of the STGs. It should be collaborative effort between the big tea planters and the STGs for
CMD Khaitan says banks have been very supportive and have come to a conclusion on what debt restructuring resolution should be
On September 16, 2022, Carbon Resources (P) Ltd bought 4.95 million equity shares, representing 4.73 per cent, of total equity of MRIL
Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg
The Covid-19 pandemic severed the tourism lifeline of the Indian Ocean nation, already short of revenue in the wake of steep tax cuts by the government.
Input prices have seen a steep rise, the planters' body said
Tea garden workers are set to play a decisive role in many constituencies in the Assembly elections in West Bengal and Assam
CCPA has urged Union Commerce Minister Piyush Goyal not to reduce import duty on tea as any move in that direction will disturb the equilibrium of the industry.
Indian tea growers should focus more on orthodox tea manufacturing which has a good export market
Electronics, stationery, tea stalls, and paint and hardware stores to open from Monday
Farmers said that the lockdown was imposed at a time when the tea leaves were supposed to be harvested
Plan to be ready for demand whenever lockdown ends, though manpower crunch is still an issue
While there has been practically no income due to lockdown, fixed costs such as wages and loan servicing have been mounting
All of the 1422 registered tea estates and more than 250,000 micro-small planters have stopped production citing safety precautions for workers, unavailability of transport
ITA secretary general Arijit Raha said steps are being taken to ensure that tea garden workers avail central welfare schemes
What happens if the US refuses to exempt Chabahar port from sanctions, said an exporter
Quality has been the major impediment for the plantation companies to keep pace with rising input costs vis-a-vis price realisations
South Indian varieties have a 17% share in total tea production in India, and a 40% share in the country's exports