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Spices Board in association with the Embassy of India, Bangkok organized an International Buyer Seller Meet (IBSM) followed by webinar
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....pices Board in association with the Embassy of India, Bangkok organized an International Buyer Seller Meet (IBSM) followed by webinar <br>News and Press Release<br>Dated:- 26-8-2021<br><BR>Spices Board in association with the Embassy of India, Bangkok organized an International Buyer Seller Meet (IBSM) followed by webinar Over 240 exporters from India and 60 plus importers from Thailand participa....
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....ted in the Meet India's spice exports amounted to more than 17 lakh MT valued more than 30000 crores during the 2020-21 fiscal year The Spices Board in association with the Embassy of India, Bangkok organized an International Buyer Seller Meet (IBSM) and a webinar bringing together the Indian spice exporters, leading spice importers in Thailand, trade associations, chamber of commerce, leading s....
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....upermarket chains, departmental stores etc. The event brought together over 240 exporters from India and 60 plus importers from Thailand. Mrs. Suchitra Daurai, the Ambassador of India to Thailand, inaugurated this International online event. In her address she highlighted the historic ties between two nations and the opportunities for Indian Spices in Thailand. Shri Diwakar Nath Mishra, Joint Sec....
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....retary, Ministry of Commerce also delivered the keynote address on this occasion. During the special address at the event, D. Sathiyan, Secretary Spices Board said "The Board has been conducting a series of digital buyer-seller meets (BSM) for ensuring that there is no gap/ hindrance in sourcing and supply of spices from the country. These BSMs benefitted farmers, traders and exporters immen....
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....sely". Sathiyan, continued "The Board is in the process of launching a unique virtual platform for export facilitation and promotion. This platform would provide the exporters with updated trade and market information in addition to the facilities for setting up their virtual office in the portal." He added "The portal will also have the facilities to conduct virtual trade fair....
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....s and meets, seminars, workshops, training programmes etc. for the Indian spice industry". As per Ministry's data, India's spice exports amounted to more than 17 lakh MT valued more than 30000 crores during the 2020-21 fiscal year. This scaled the landmark level of 4 billion US$ in value in dollar compared to the previous year despite the pandemic situation. Spices Board, the link between I....
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....ndian and International spice trade, has been actively taking a lead in promoting and strengthening the Indian-International spice trade for the benefits of spice community in India for many years, more so during the pandemic period. India's economic and commercial relationship between India and Thailand goes back in time to history and deeply rooted in the age-old socio-cultural relationships. T....
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....hailand is an important destination for India's spices and it opens opportunities and offers ample avenues to expand this further. India on an average exports 68225 MT of spices to Thailand every year, valued at ₹ 944.35 crores, which accounts for 6% volume and 5% in value of India's total spice exports. The major spices exported from India to Thailand are chillies, turmeric, garlic, and val....
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....ue added products, spice oils & oleoresins, and curry powders, etc. Considering the prospective growth potential, established market access, the opportunity to increase the imports by Thailand is prolific, especially for specialized spice blends like chicken curry, fish curry, meat masala, and ready to cook products. Given the consistently emerging industrial demand from food and meat processing ....
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....sectors, the Board has identified Thailand as a focus country for accelerated growth for export of Indian spices. The timely webinars, market linkage programmes and BSMs supported by trainings to different stakeholders of spices during these hard times, are an encouraging move by Spice Board towards its commitment to the spice community and a big leap towards encouraging exports as the event ope....
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....ned up doors of opportunity for Indian spices exporters, traders, and the entire spice fraternity of the country.<BR> News - Press release - PIB....