Species Current Affairs - 2019

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13th World Spice Congress begins in Ahmedabad

The 13th edition of World Spice Congress (WSC) will begin in Ahmedabad, Gujarat.

The theme of the three-day biennial event is ‘Target 2020: Clean, Safe and Sustainable Supply Chain’.

Key facts

  • 13th WSC has been jointly organized by the Spices Board, Cochin Hill Produce Merchants’ Association, and India Pepper and Spice Trade Association.
  • It is supported by All India Spices Importers & Distributors Association and Indian Spices & Foodstuff Exporters’ Association.
  • It seeks to chalk out a credible and actionable road map to push further the growth of spices industry and address challenges faced by it across the globe.
  • This edition of event will be attended by more than one thousand participants including domestic and overseas delegate, sponsors and exhibitors.

Spices are the only Indian exports that control almost half of world trade in its kind. Out of the total production of spices in India, 15 per cent is exported which contributes 48 per cent in volume and 43 per cent in value in the world spice trade.

Month: Categories: Business, Economy & Banking


Spices Board launches Subsidy Scheme to boost production and export

Spices Board of India has launched subsidy scheme in a bit to promote spice cultivation in India by offering subsidies and sensitise to farmers.

Under this scheme

Financial assistance: To farmers cultivating and planting various spices will be provided. The assistance will be provided for irrigation, mechanisation, land development, soil conservation, replanting and organic farming of various spices. Under this scheme financial aid will be also given to purchase farming equipment and irrigation tools.

Cardamom cultivators: Small cultivators from Kerala, Tamil Nadu will be provided aid 70,000 rupees per hectare for replanting. While farmers from Karnataka will get up to 50,000 rupees a hectare. The cultivators will also be given aid for planting and material production.

Irrigation and land development: For small scale cardamom farmers from Kerala, Tamil Nadu and Karnataka financial assistance up to 25 per cent of actual cost for acquiring irrigation sprinkler sets, pump sets, equipment for gravity-fed irrigation system will be provided. While, up to 50 per cent actual cost will be provided for water storage structure and upto 25 per cent for soil conservation.

Farmers will be also given a subsidy of 1 lakh rupees for purchasing improved cardamom curing devices and 50 per cent subsidy for bee-keeping boxes and Good Agricultural Practices (GAP) kits.

Under the Board’s farm mechanisation programme, small cardamom growers in these 3 states will be provided with 50 per cent subsidy for purchasing equipment for cardamom plant protection and grading, washing and polishing.

Month: Categories: Business, Economy & Banking