India’s rich heritage in spice cultivation has positioned it as a global leader in both production and export. In the fiscal year 2021-22, the country produced approximately 10.9 million metric tons of spices, covering an area of 4.4 million hectares. This robust production supports a significant export volume, with India exporting about 1.53 million metric tons of spices to 180 destinations during the same period. The Spices Board of India, operating under the Ministry of Commerce and Industry, plays a pivotal role in sustaining and enhancing this growth trajectory through various financial assistance programs and subsidies aimed at spice exporters.

Financial Assistance Programs by the Spices Board

The Spices Board has implemented several schemes to bolster the spice industry’s infrastructure, quality, and global presence. These initiatives are designed to support exporters in adopting advanced processing technologies, upgrading existing facilities, and meeting international food safety standards.

1. Export Development and Promotion Program

   This program focuses on encouraging exporters to embrace high-tech processing technologies and upgrade current systems to achieve high-end value addition. The aim is to develop capabilities that align with the evolving food safety standards of importing countries. Key areas of support include infrastructure development, research on new applications of spices, new product development, and the promotion of Indian spice brands abroad. Additionally, the program emphasizes the establishment of common facilities for cleaning, grading, processing, packing, and storing spices in major growing and marketing centers. Special programs are also in place for entrepreneurs from the North Eastern regions of India.

   MSME Ki Pathshala

2. Financial Assistance for Processing Unit Modernization

   To enhance the quality and competitiveness of Indian spices in the global market, the Spices Board offers subsidies for the construction of new processing units and the modernization of existing ones. This includes financial support for the purchase of advanced machinery and technology aimed at improving processing efficiency and product quality. Exporters can avail themselves of reimbursement of up to 50% of the cost of obtaining essential certifications such as HACCP and ISO, which are crucial for accessing markets in countries like the United States and those in Europe.

3. Participation in International Trade Fairs

   Recognizing the importance of global exposure, the Spices Board provides financial assistance to exporters for participating in international exhibitions and trade fairs. This initiative aims to showcase India’s capabilities in spice processing and value addition, helping exporters find new markets and create awareness about Indian spices globally. The Board also conducts roadshows and seminars in various countries to promote Indian spices and educate buyers about the quality and variety available.

Impact of the Spices Board’s Initiatives

The comprehensive support provided by the Spices Board has significantly contributed to the growth of India’s spice exports. In the fiscal year 2020-21, despite global challenges, the export of spices from India crossed the USD 4 billion mark, registering a substantial increase from previous years. Chilli remained the leader both in terms of value (28%) and volume (36%), followed by cumin, turmeric, and mint products. The top importers of Indian spices include China, the USA, Bangladesh, Thailand, and the UAE, collectively accounting for about 70% of the total export earnings.

Altus Exports: Facilitating Global Reach for Indian Manufacturers

While the Spices Board provides substantial support, navigating the complexities of international trade requires expertise and strategic partnerships. Altus Exports stands as a premier merchant exporter, dedicated to delivering the best of India’s products, including textiles, handicrafts, chemicals, and food products, to the global market. Our commitment to quality, sustainability, and customer satisfaction makes us an ideal partner for manufacturers aiming to expand their global footprint.

Partnering with Altus Exports

At Altus Exports, we seek to form strategic alliances with manufacturers who share our commitment to excellence and global expansion. Our partnership model is designed to simplify the complex process of exporting and help manufacturers tap into new markets with ease. We excel in identifying potential buyers across various international markets, leveraging our deep understanding of market trends and industry demands. Our extensive network of contacts and partners, including distributors, agents, and retailers, facilitates smoother market entry and quicker establishment of products in new territories.

Manufacturers interested in partnering with us should possess export-quality products, an aspiration for global expansion, and the necessary documentation and certifications for seamless export operations. By collaborating with Altus Exports, manufacturers can benefit from our expertise in finding buyers, access to comprehensive databases, skilled marketing team, and extensive network to navigate the complexities of international trade successfully.

To explore a partnership with Altus Exports and expand your products’ reach in the global market, please visit our Manufacturer Partnership page.

Conclusion

The Spices Board of India’s financial assistance programs and subsidies have been instrumental in fueling the growth of spice exports by supporting processing unit modernization and facilitating participation in international trade fairs. By partnering with experienced export facilitators like Altus Exports, Indian manufacturers can further enhance their global reach, ensuring that the rich flavors of Indian spices continue to captivate palates worldwide.