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HomeAgroPolicyIndia’s spice export expected to reach $ 10 billion by 2030

India’s spice export expected to reach $ 10 billion by 2030

source- public domain

The 14th World Spice Congress commenced on Friday, September 15 in Navi Mumbai where Amardeep Singh Bhatia, IAS, Additional Secretary, Government of India said, the India Spice market will reach the milestone of $10 billion export by 2030.

The mega spice event, the 14th World Spice Congress (WSC) commenced on Friday, September 15 at the CIDCO Exhibition Centre at Vashi in Navi Mumbai where around 1300 delegates both from India and internationally participated with great enthusiasm. Amardeep Singh Bhatia, IAS, Additional Secretary, Dept. of Commerce, Government of India, during his inaugural address for the 14th edition of the WSC said that India’s spice export is $4 billion and is expected to reach $10 billion by 2030.

“India is a leading player in the global spice industry. Traditionally India has been the spice centre of the world. In order to ensure that India continues to maintain its traditional strength there are several things to work on in the entire chain of spices from growers to marketers,” he added. “It is a shared responsibility of the government and Spices Board to come up with schemes and programmes to facilitate testing labs, assessment quality standards, etc. This three-day event will give a lot of business opportunities to all the stakeholders, delegates, exhibitors and producers,” he said.

Highlighting the potentials of the Indian spices industry, D Sathiyan, Secretary, Spices Board, said, “The spices legacy is part of human culture. India is the spice bowl of the world. There is tremendous potential to explore product development, biotech, etc. in India. More than 75 spices are grown in India and each state has spices to offer. The future of the world spice industry will be discussed at the three-day event of World Spice Congress.”

The first day of the event commenced with the inauguration of an exhibition highlighting the variety of spices and value-added spice products as well as innovative technologies and solutions in the spices industry and a visual presentation on Indian Spice Sector by D Sathiyan, Secretary, Spices Board. While presenting he highlighted the illustrious journey of the Indian Spice industry, current trends, emphasizing technology, sustainability, and the demand for unique blends. With an eye on the future, he ignited optimism for the industry’s boundless growth potential in an increasingly diverse world.

                                                                                                                    By Abhitash Singh

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