The Spices Board is targeting $25-billion worth annual export of spices and spice-based products by 2047 from $4.4 billion now.
Annual production of spices should be increased to 17 million tonnes (MT) to meet India’s demand of about 13 MT and export of 2.7 MT by 2047.
India currently consumes 10 MT and exports 1.42 MT.
Source: The Hindu
About Spices Board:
It is the statutory organization constituted on 26th February 1987, under the Spices Board Act 1986.
It was formed with the merger of the erstwhile Cardamom Board and Spices Export Promotion Council.
The Board functions as an international link between the Indian exporters and the importers abroad and it has been involved in various activities which touch upon every segment of the spices sector.
It works under the Ministry of Commerce & Industry, Government of India.
Main functions
The Spices Board is responsible for the overall development of cardamom (small and large) in terms of improving production, productivity and quality.
The Board is also implementing post-harvest improvement programmes for improving quality of the 52 scheduled spices for export.
The various development programmes and post-harvest quality improvement programmes of the Board are included under the head ‘Export Oriented Production’.
Promotion of organic production, processing and certification of spices