India to study potential of new markets for tea exports
India is actively seeking new markets for tea exports, such as Oman, due to a significant decline in shipments to Iran caused by ongoing conflict. This initiative comes amidst concerns from domestic planters regarding an increase in tea imports.
Why it matters
This shift in export strategy is vital for India's agricultural economy and the livelihoods of tea planters, as it aims to mitigate geopolitical impacts on trade and address domestic industry concerns.
India is encouraging tea exports to explore new markets as shipments to Iran is hit by the war.
Amit Kumar, Joint Secretary of the Union Ministry of Commerce and Industry, told The Hindu on Wednesday that the government is focusing on markets such as Oman that is increasing its purchase of Indian tea. “We are analysing the data. There is substantial increase in export of tea to Oman (from India).”
When asked about the increase in import of tea and the concerns raised by the planters in this regard, he said the focus is on increasing exports to diverse markets and creating new markets for the exporters.
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