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Indian tea firm strikes $1 mn export deal with Chinese company
Beijing: As India eyes the world’s biggest tea market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.
Indian company Jay Shree Tea & Industries Ltd signed the contract with Chinese company COFCO (China Tea) for export of black tea, the Indian Embassy said here.
The deal, signed at China’s International Import Expo in Shanghai, came after an Indian tea promotional event was organised by the Indian Embassy in Beijing.
China is India’s 10th largest tea export destination. Last year, India’s export of tea to China was worth $25 million.
There is a rising demand for Assam CTC (crush, tear, curl) black tea, known for its strong colour and flavour.
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The success of a small Export firm in succeeding to export of a million dollar worth of Indian Tea to China is a step that is praiseworthy. China is a tough buyer, and the credit worthiness of Indian Exporter needs all the support from the Government so that many more millions worth of India Tea finds its way to China. India deserves all the boost in exporting the Tea or Coffee or any other spices to China, our neighboring partner who can absorb much more products from India at a most competitive price.
Our quality of performance in exports to China need all the Government support thru incentives that are widely open for future expansion. We are pleased with this good news, and wish the Indian Tea Exporter best of success.