• Monday, October 02, 2023

Business

India commerce minister encourages spices industry to double exports by 2030

Noting that food is incomplete without spices, the minister said the industry members should make these essential ingredients popular across the world.

Variety of spices (iStock)

By: Shubham Ghosh

INDIAN commerce and industry minister Piyush Goyal on Saturday (16) encouraged the Indian spices industry members to aim for $10 billion worth of exports by the end of this decade.

“We should look at a greater degree value addition. Today it is 4 billion dollars. We have to start building a bigger market. Let’s aim for 10 billion dollars of export till 2030, keeping in mind the expanding market,” Goyal said addressing the World Spice Congress 2023 and Exhibition.

“I have set a very modest target but I do hope you try to exceed that and make the nation proud,” he said.

“We have to bring back all the old charms of that spices had across the world.”

Noting that food is incomplete without spices, he said the industry members should make these essential ingredients popular across the world.

“We must encourage other countries to increase the usage of spices. The story of Indian spices should be talked about and written about across the world,” he noted.

“Let’s make India the preferred source of spices,” Goyal signed off.

The major importers of Indian spices are China, the US, Bangladesh, and the United Arab Emirates.

The World Spice Congress, one of the largest events in spices industry, brought together all key stakeholders of the global spices industry under one roof from Friday (15) till three days in the western Indian city of Mumbai.

It is a B2B event that is aimed at creating a platform for buyers and sellers to discuss issues and share learnings and best practices.

(With ANI inputs)

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