‘Export potential high for plantation sector’
- September 22, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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‘Export potential high for plantation sector’
Sub: Geo
Sec: Eco Geo
Context:
- Plantation commodities and their value-added products have significant export potential.
Key Export Statistics:
- Tea: 260 million kg exported last fiscal year
- Coffee: $1.29 billion worth of exports
- Spices:9% consistent growth rate (CAGR)
Value Addition in Exports:
- Spices: Nearly 50% of exports are value-added products
- Coffee: 38% of exports are value-added products
Sector-Specific financial assistance:
- Coffee:
- Annual allocation increased from ₹220 crore to ₹300 crore
- Focus on mechanization and quality improvement
- Tea:
- Funding for ‘Tea Development & Promotion Scheme’ raised from ₹290.81 crore to ₹528.97 crore for 2024-25 and 2025-26
- Operational guidelines for the scheme recently issued
Plantation Crop | Growth Conditions | Major Producing Regions |
Tea |
| Assam, West Bengal, Tamil Nadu, Kerala |
Coffee |
| Karnataka, Kerala, Tamil Nadu |
Rubber |
| Kerala, Tamil Nadu |
Coconut |
| Kerala, Tamil Nadu, Karnataka |
Areca Nut |
| Karnataka, Kerala, Tamil Nadu |
Cashew |
| Maharashtra, Karnataka |
Oil Palm |
| Andhra Pradesh, Kerala, Karnataka |
Cardamom |
| Kerala, Karnataka, Tamil Nadu |
Pepper |
| Kerala, Karnataka |
Clove |
| Kerala |
Banana |
| Andhra Pradesh, Tamil Nadu, Kerala |
Sugarcane |
| Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu |
Source: TH