36 C
Guwahati
Tuesday, May 21, 2024

ITA seeks financial assistance from Centre

- Advertisement -
- Advertisement -

Strap: Struggling Darjeeling tea industry needs support

 

- Advertisement -

KOLKATA, May 10: The Indian Tea Association (ITA) on Friday reiterated its plea for financial assistance from the Centre to support the struggling Darjeeling tea industry.

According to the ITA, the situation in Darjeeling is critical due to decreasing yields and plummeting prices.

Without a financial relief package, the survival of the Darjeeling tea industry is in jeopardy, the association said, adding that it has urged the government to consider and act upon a financial revival package endorsed by the Parliamentary Standing Committee on Commerce in March 2022.

“The association has urged the government to extend a financial revival package to the Darjeeling tea sector which has been already endorsed by the Parliamentary Standing Committee on commerce in March 2022. This awaits consideration and action”, the ITA said.

- Advertisement -

The ITA, quoting Tea Board data, highlighted that adverse weather conditions have affected tea production in Assam and West Bengal, leading to a significant decrease in production.

From January to March 2024, production was down by 13.69 million kg at 96.10 million kg across the country, according to Tea Board data. Prices at the auctions have also taken a beating during the same period, the ITA said, adding that at an all-India level, auction prices were down by Rs 16.08 per kg at Rs 128.12.

Meanwhile, tea exports from India during January to December 2023 fell to 227.91 million kg as compared to 231.08 million kg in the same period of 2022, adding to the industry’s challenges, the ITA said. (PTI)

 

- Advertisement -

 

 

 

 

 

- Advertisement -
The Hills Times
The Hills Timeshttps://thehillstimes.in/
Welcome to The Hills Times, your trusted source for daily news and updates in English from the heart of Assam, India. Since our establishment in 2000, we've been dedicated to providing timely and accurate information to our readers in Diphu and Guwahati. As the first English newspaper in the then undemarcated Karbi Anglong district, we've forged a strong connection with diverse communities and age groups, earning a reputation for being a reliable source of news and insights. In addition to our print edition, we keep pace with the digital age through our website, https://thehillstimes.in, where we diligently update our readers with the latest happenings day by day. Whether it's local events, regional developments, or global news, The Hills Times strives to keep you informed with dedication and integrity. Join us in staying ahead of the curve and exploring the world through our lens.
Latest news
- Advertisement -
Related news
- Advertisement -
Experience Shillong’s 7 Unforgettable Sights That Will Awaken Your Senses! 7 Must Visit Destinations In The Seven Sisters Of India 5 Rice Dishes For Summers From South India Must Visiting Places In Northeast India 5 Lighthouses That You Must Visit In India