Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, last week announced Rs 1000 crore worth of projects. This also included inauguration of two spices parks in the country – in Kota, Rajasthan and Raebareli in Uttar Pradesh.
The establishment of spices parks is meant to help farmers to get better returns for their produce and to ensure the quality of spices for exports. The elimination of intermediaries in the supply chain due to direct linkages facilitated by the parks will ensure better prices for the farmers informed by the Minister.
India is the largest producer and exporter of spices in the world. India produces more than 65 spices out of the 109 spices listed by ISO. Currently, India is holding significant share of 48 % in quantity and 43 %in value of the global spice trade.