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New Delhi, Oct. 22 The Commerce Ministry has agreed to examine the possibility of having a special risk policy for tobacco exports through Export Credit Guarantee Corporation (ECGC) and also a specialised institute for spices technology for coordinated research and market intelligence efforts.

Addressing a meeting of the Chairpersons of the Commodity Boards and stakeholders of plantations sector here on Monday, the Minister of Commerce and Industry, Mr Kamal Nath, called for re-plantation and rejuvenation of plantation crops in the country for the benefit of growers workers and other stakeholders. He told the representatives that a Special Purpose Tea Fund had been set up in January 2007 for funding re-plantation and rejuvenation for improving the age-profile of tea plantations whereby an area of 2.12 lakh hectares with a financial outlay of Rs 4,761 crore over a span of 15 years was proposed. A rehabilitation package was also announced for providing financial assistance to the closed tea gardens earlier this year and out of the 33 closed tea gardens, nine gardens had been reopened.

On spices, he said in order to improve the quality of spices exported and also to meet the needs of importing countries, a state-of-the-art laboratory had been set up at Kochi.

More Stories on : Tobacco | Exports & Imports | General Insurance

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