'New Applications Must be Explored to Boost Spice Trade'
Though India holds a strong position in the global spice trade, the country has to explore non-conventional applications and exports of innovative products derived from spices, said Rajeev Kher, Secretary, Department of Commerce and Ministry.
He was delivering a special address at the 12th World Spice Congress-2014 in Kochi on Monday. He said that innovative technology should be used for the growth of spices sector.
“India is the largest producer, consumer and exporter of spices in the world and caters to the needs of the US, European and other international markets. Spices’ exports has had an exponential growth in the last few years. However, there is ample potential for India to be realised in terms of promotion of non-conventional applications of spices,” he said. He pointed out that in order to satisfy the growing demand, the country has to embrace the latest technology that will speed up the growth of the sector.
“Spices, as a sector, has a product for every segment, which poses an attractive proposition in terms of marketing and branding. We need to focus more on the non-traditional aspects of spices in sectors such as healthcare, fragrances, cosmetics and garments. These have the capacity to define a new market for Indian spices globally,” he said.
Rajeev Kher said that the main objective of setting up spices parks across the country is to ensure high-quality branded products adhering to food safety standards.
“The schemes by Spices Board for export development and promotion, and quality upgrade have started yielding results. This will also result in higher productivity, improving the quality of spices and spice products and make available exportable surplus of spices,” he said.