What is the significance of the National Turmeric Board in boosting exports
The National Turmeric Board has been constituted with the aim of boosting exports of turmeric. It is expected to contribute significantly to the economy.
The National Turmeric Board plays a significant role in boosting the export of turmeric and contributing to the economy through the following points:
- Promotion of Turmeric Export: The board is responsible for promoting the export of turmeric and creating awareness about its benefits among potential buyers and international markets. It conducts various promotional activities like trade fairs, exhibitions, and buyer-seller meets.
- Quality Control and Standardization: The board ensures the production and export of high-quality turmeric by implementing strict quality control measures. It sets standards for grading, packaging, and labeling of turmeric for export purposes.
- Market Research and Development: The board conducts market research to identify potential markets for turmeric and provides necessary information, training, and support to farmers and exporters. This helps in exploring new markets and expanding export opportunities.
- Export Policy Development: The board works closely with the government in formulating export policies and regulations relating to turmeric. It provides valuable inputs and recommendations based on market trends, demand, and export potential.
- Infrastructure Development: The board focuses on improving the infrastructure facilities for the storage, processing, and transportation of turmeric. This helps in maintaining the quality of turmeric during export and reducing losses.
- Export Promotion Schemes: The board facilitates the implementation of export promotion schemes and financial assistance programs for turmeric exporters. This enhances the competitiveness of Indian turmeric in the global market.
- Market Intelligence: The board gathers and disseminates market intelligence, such as trade statistics, demand-supply trends, and price movements, to assist exporters in making informed decisions and aligning their strategies with global market demands.
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