Boosting Turmeric Exports: India's Roadmap to $1 Billion by 2030
India aims to export USD 1 billion worth of turmeric by 2030, as per the ICRIER-Amway report. It recommends targeted interventions, enhancing quality standards, and strengthening value-added chains. Establishing a National Turmeric Board could streamline processes and introduce international benchmark standards to solidify India's global position.
- Country:
- India
India is setting its sights on achieving USD 1 billion in turmeric exports by 2030, according to a newly released report by ICRIER and Amway.
The launch of the National Turmeric Board in Telangana's Nizamabad marks a pivotal step toward strengthening India's position as a global leader in turmeric production and exports. Deepak Mishra, ICRIER Director, unveiled the report on Wednesday, outlining necessary strategies.
Key recommendations include establishing a nodal agency like the National Turmeric Board to ensure quality and streamline certification. Linking subsidies to developing high-end product chains, boosting R&D, and forming international agreements for quality standards are crucial. These steps aim to position India as a reliable high-quality turmeric supplier globally.
(With inputs from agencies.)