India has achieved for the first time foreign exchange worth Rs 44,350.50 billion through export of spices of 444,250 tonnes in the last financial year,compared to Rs 35750.75 billion revenue through export of 373,750 tonnes in 2006-07.
Last year, the Spices Board estimated revenue of Rs 36 billion through exports, but the revenue increased to 44.35 billion.
While the quantity estimated rose to 117 per cent in rupee terms 123 per cent, in Dollar value it jumped up to 126 per cent, Spices Board sources said.
Though the board exports spices to 130 countries, 80 per cent of revenue is received from 20 countries. Of the 4 million tonne production, the country exports only 10 per cent.
Last year, export of Pepper was at a new high. India exported 35,000 tonnes and earned Rs 5.195 billion, while the target was 30,000 tonnes and Rs 4.5 billion respectively.
Source: Business Standard
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