Latest news with #DivyaShreeGS
Time of India
7 hours ago
- Business
- Time of India
India's coffee export growth: Shipments up 125% to $1.8 billion in 11 years; Europe remains top buyer
I ndia's coffee exports have surged by 125 per cent over the past 11 years, touching $1.8 billion in 2023–24, up from $800 million in 2014–15, according to central government data. The rise in exports has been attributed to a series of policy measures implemented by the Coffee Board of India, including digitalisation of permits, export incentives, and support for value addition in processing. As per the data, exports stood at $1.28 billion in 2023–24, compared to $1.14 billion in 2022–23. Europe continues to be the top destination for Indian coffee, with key markets including Italy, Germany, Belgium, Middle East nations, South Korea and Japan, PTI reported. To bolster exports, the Coffee Board has taken steps such as digital issuance of RCMC, export permits and certificates of origin, regular engagement with exporters to address bottlenecks, and providing global market intelligence. Additionally, the government has introduced transit and freight assistance, offering Rs 3 per kg for value-added exports and Rs 2 per kg for high-value green coffee shipments to far-off markets such as the US, Canada, Japan, and Nordic countries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo To further aid domestic processors and entrepreneurs, the Board offers 40% subsidy on machinery costs, capped at Rs 15 lakh, for roasting, grinding and packaging units. 'These measures are helping us reach newer markets,' said Divya Shree G S, founder of Vidi's Coffee. Coffee Board CEO and Secretary M Kurma Rao noted that India's coffee is largely shade-grown under native canopy trees, promoting biodiversity, soil and water conservation, and offering sustainable income to small and marginal growers. Veteran Coorg-based grower Bose Mandana added that shade-grown practices also align with EU deforestation regulations, strengthening India's export readiness. Highlighting global opportunities, South India Coffee Company (SICC) founders Akshay Dashrath and Komal Sable said their firm is helping Indian producers and roasters expand abroad. 'There is huge potential for specialty coffee exports from India,' Komal said. India, the seventh-largest coffee producer globally with a 3.5% share, ranks fifth in exports with a 5% global share. The country produces about 3.6 lakh tonnes of coffee annually, with Karnataka, Kerala and Tamil Nadu being top growers. The sector directly and indirectly supports around 2 million people. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
11 hours ago
- Business
- Time of India
Coffee exports up 125 pc to $1.8 billion in last 11 years: Govt data
The country's coffee exports have jumped about 125 per cent to USD 1.8 billion in the last 11 years on account of a series of measures taken by the Coffee Board of India , according to the central government data. The exports stood at over USD 800 million in 2014-15. It was USD 1.28 billion in 2023-24 and USD 1.14 billion in 2022-23, the data showed. Europe remains the top destination for the country's coffee exports. The major countries which import the commodity from India include Italy, Germany, Belgium, Middle East nations, Korea, and Japan. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like IELTS Cheat Sheet: Grab Your Free Tips! IELTS Prep Pro Learn More Undo The major initiatives taken by the Coffee Board of India to push the exports include online issuance with digital signature of registration-cum-membership certificate (RCMC), export permit, certificate of origin, regular interaction with the exporters to discuss bottlenecks and addressing those issues, and providing regular global market information and market intelligence. The other export promotion steps included transit/freight assistance to maximise export earnings by enhancing the market share of value-added coffee. Live Events The government provides Rs 3 per kg for export of value-added products; Rs 2 for shipments of high value green coffees to far-off high value markets such as the US, Canada, Japan, Australia, New Zealand, South Korea, and Finland, Norway, and Denmark. To support the business community for value addition, the board supports individuals, self-help groups, and growers. It provides 40 per cent cost of machinery with a ceiling of Rs 15 lakh for installation of roasting, grinding and packaging machinery. "These measures are helping us to reach newer markets," Vidi's Coffee Founder Divya Shree G S said. Further, according to Coffee Board CEO and Secretary M Kurma Rao, in India coffee is cultivated under a diverse canopy of native and mixed shade trees and this system supports biodiversity, ensures soil and water conservation, enhances carbon sequestration and sustains livelihoods for small and marginal farmers by offering opportunities for crop diversification. Veteran Coffee grower from Coorg Bose Mandana said India is one of the few countries which is promoting shade grown coffee. "This helps in protecting forests. It is a sustainable way to grow coffee and it will help India deal with EU's deforestation regulation," Mandana said. Talking about the measures taken by the Board to help entrepreneurs, South India Coffee Company (SICC) founder husband and wife duo Akshay Dashrath and Komal Sable said that they are partnering with Indian coffee producers and roasters to put Indian coffee on the world map. "Huge potential is there to increase exports of specialty coffee from India," Komal said. SICC operates in the US, the UK, and India, with end-to-end logistics and warehousing capabilities for the sector. The main coffee producing states are Karnataka, Kerala, and Tamil Nadu. India is the seventh largest producer of the world with 3.5 per cent share and fifth largest exporter with 5 per cent share. India produces about 3.6 lakh tonnes of coffee per year. About two million people are employed in the sector directly and indirectly.
