February 3, 2023
2 mins read

Tea sector not okay with Union Budget

The sector is a major contributor to many countries’ economies, with exports of tea and related products accounting for billions of dollars in revenue annually…reports Asian Lite news

As the Union Finance Minister Nirmala Sitharaman remained totally silent over the tea industry in her Budget speech, the sector operators are frustrated and the observers of the industry surprised.

According to the Darjeeling Tea Association (DTA)’s principal advisor S. Mukherjee, the tea sector was probably the only industrial segment which was not spared even a word as regards to any industry stimulation package or subsidy.

He pointed out that even the recommendations of the Parliamentary Standing Committee of Commerce & Industry for a one- time package for the revival of the tea sector in Darjeeling was also ignored.

According to the director (operations & plantations) of Chamong Tea, Indranil Ghosh, to his surprise the long-standing demand of the planters, especially those from the Darjeeling, Terai and Dooars region, was that the Union government should impose a very high important duty on tea from Nepal in order to protect the planters in the region.

“A number of bought-leaf factories are importing tea from Nepal and selling them in the market. This is possible because the production cost of tea in Nepal is one-third of that in India. However, this issue was not at all addressed in the Budget speech on Wednesday,” said Ghosh.

According to veteran tea industry observer Nandini Goswami, another long-standing demand from the sector was that the Union government should implement an effective police mechanism to restrict circulation of spurious Darjeeling tea in the market. “However, to my surprise the Budget speech was totally silent on this issue,” she said.

She also pointed out the ultimate effect of the ailing nature of the Indian tea sector on the plantation workers, especially those associated with the smaller tea gardens.

“There had been a long-standing demand for giving the small planters the status of agricultural farmers and the status of agricultural workers for the workers employed in smaller tea gardens. Unfortunately, this issue also found no mention in the Budget speech,” said Goswami.

ALSO READ: MSMEs get big Budget boost

Previous Story

Reliance Retail now accepts digital rupee

Next Story

‘New tax regime may affect insurance biz’

Latest from Business

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and
Go toTop

Don't Miss

What’s Getting Cheaper and What’ll Cost You More

The budget aims to lower costs for key industries while

Congress Calls Budget ‘A Band-Aid For Bullet Wounds’

Congress leaders voice their discontent, calling it “a band-aid for