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Business Management

Why Indian tea exporters remain upbeat on Iran market despite disruptions

India’s tea exports to Iran have been attaining momentum considering that 2013. They broke all data in 2019 (January-December) to arrive at 53.45 million kg (mkg), with Iran replacing Russia as the biggest consumer of Indian tea.

Can India repeat this accomplishment in 2020? It can, say tea field sources, for valid motives.

The challenge, nonetheless, is imminent. Iran is devastated by the dual attack of the Covid-19 outbreak and a crude oil value war, which limitations usage likely. Export action has slowed down over the previous two months. Faster than afterwards, there could be a political upheaval in the

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Business Unit

Indian Tea Association, CII welcome sops to tea sector in Assam budget

The Indian Tea Association (ITA) and apex chambers CII and FICCI welcomed Assam government’s initiative to improve the quality of life of tea workers and offer sops to the tea plantation sector to tide over the difficult times.

In his Budget proposal for 2020-21, Assam finance minister Dr. Himanta Biswa Sarma announced that the 7.21 lakh tea labourers will get ₹50,000 each as payment of gratuity on retirement. The budget was submitted on March 6.

This apart the third tranche of ongoing financial support of ₹3,000 each will be paid through bank transfer. Also, tea gardens will get substantial share

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