Present Status of Tea Industry.

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..... Present Status of Tea Industry. - News and Press Release Dated:- 19-3-2012 - News - Press Information Bureau Government of India Ministry of Commerce Industry 19-March-2012 16:56 IST Present Status of Tea Industry Exports of tea from India are stagnating around 200 million kgs. over the last few years. However, during the current financial year, for the period Apri .....

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..... l to December, 2011 , the estimated exports show a sharp decline over corresponding period of last year. The details of exports of tea for the last three years and during current year from April to December, 2011 are as under: Year Total exports Quantity M.Kgs. Value .....

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..... Rs. in Crores Unit Price Rs. /Kg. 2008-09 190.64 2381.79 124.94 2009-10 213.43 3038.69 142.37 2010-11 213.79 2995.79 140.13 2011-12(Apr-Dec)(E) 147.11 2167.76 147.36 2010-11(Apr-Dec) 168.03 2321.48 138.16 Estimated sub .....

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..... ject to revision The decline in exports is due to political disturbances in Afghanistan, Egypt and a few other Middle East countries, payment problems associated with exports to Iran, non-tariff barriers regarding exports to Iraq, lesser demand from big importing countries like Russia etc. The export target of tea including Darjeeling tea for the current financial year is 220 m. kg .....

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..... s. The targets proposed for the years 2012-13 and 2013-14 are 196 m. kgs. and 199 m. kgs. respectively and are based on factors like production, import, export and demand for domestic consumption. However, the Tea Board has instituted Darjeeling Tea Trade Chain Integrity System to ensure genuineness of Darjeeling tea for exports and to prevent misuse of Darjeeling name in the interna .....

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..... tional market. This information was given by Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in Lok Sabha today. DS/GK - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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