Financial Support and Incentives: Tea Board India’s Initiatives for Exporters

India’s tea industry stands as a cornerstone of its agricultural economy, with the country being the world’s second-largest producer and exporter of tea. Recognizing the significance of this sector, the Tea Board of India has implemented various financial assistance programs and incentives to bolster tea exports, enhance quality, and expand market reach.

Tea Board India’s Financial Assistance Programs

1. Tea Development & Promotion Scheme (TDPS): This flagship initiative aims to promote the growth and development of the tea industry. In the financial years 2024-25 and 2025-26, the scheme’s financial assistance was increased by 82%, rising from ₹290.81 crores to ₹528.97 crores. This substantial boost underscores the government’s commitment to the sector’s growth.(Press Information Bureau)

2. Support for Small Tea Growers: To empower small tea growers, the Tea Board has mobilized them into Self-Help Groups (SHGs) and Farmer Producer Organizations (FPOs). The target is to establish 800 SHGs and 330 FPOs over the next two financial years, aiming to cover over 30,000 small tea growers. This initiative received an increased assistance of ₹105.5 crores, a significant rise from the previous ₹2.7 crores allocated for 40 SHGs and 8 FPOs.

3. Encouragement of Value-Added Tea Exports: To boost exports of value-added teas, the Tea Board introduced a sub-component within the TDPS to encourage the establishment of blending and packaging units. An allocation of ₹40 crores has been earmarked for this purpose, aiming to enhance the export of premium, value-added tea products.

4. Quality Assurance Initiatives: Recognizing the importance of quality in global markets, the Tea Board has allocated ₹39.9 crores for quality assurance measures. This funding supports research on blends and value-added products, ensuring that Indian teas meet international standards and consumer preferences.

5. Setting Up Tea Boutiques Overseas: To promote Indian tea in international markets, the Tea Board offers assistance for setting up tea boutiques abroad. This initiative aims to increase the global footprint of Indian tea brands and provide consumers worldwide with authentic Indian tea experiences.

Impact on Tea Exports

These initiatives have significantly impacted India’s tea export landscape. In 2022, India exported approximately 231.08 million kilograms of tea, marking a 17.57% increase from the previous year. This growth reflects the effectiveness of the Tea Board’s programs in enhancing the competitiveness of Indian tea in the global market.(Export Import Data)

How Altus Exports Can Assist Indian Manufacturers

For Indian manufacturers seeking to expand their export horizons, partnering with Altus Exports can be a strategic move. Altus Exports specializes in facilitating international trade, offering services that include market research, logistics management, and compliance assistance. By collaborating with Altus Exports, manufacturers can navigate the complexities of global markets, ensuring their products reach international consumers efficiently and effectively.

Partnering with Altus Exports

Altus Exports offers a comprehensive partnership program designed to support manufacturers in scaling their export operations. Through this partnership, manufacturers can benefit from Altus Exports’ extensive network, expertise in international trade regulations, and tailored solutions that align with their specific product offerings. This collaboration aims to enhance product visibility, streamline export processes, and ultimately increase revenue streams for manufacturers.

Conclusion

The Tea Board of India’s financial assistance programs and incentives play a pivotal role in strengthening the tea export sector. By providing substantial funding, promoting value-added products, and ensuring quality standards, these initiatives have propelled Indian tea onto the global stage. Manufacturers looking to leverage these opportunities can benefit from strategic partnerships with organizations like Altus Exports, which offer the expertise and resources necessary to navigate and succeed in international markets.

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Crisis Management: Tea Board India’s Response to Challenges Faced by Tea Exporters

Regulatory Support: Tea Board India’s Role in Simplifying Export Procedures

Training and Capacity Building: Tea Board India’s Efforts in Skill Development for Exporters

Research and Development: Tea Board India’s Contribution to Export Quality Improvement

Market Promotion Strategies: How Tea Board India Enhances the Global Appeal of Indian Tea

Financial Support and Incentives: Tea Board India’s Initiatives for Exporters

Quality Assurance and Certification: Tea Board India’s Role in Ensuring Export Standards

Navigating Global Markets: How Tea Board India Facilitates International Trade for Tea Exporters

Empowering Tea Exporters: An Overview of Tea Board India’s Support Mechanisms