Comprehensive Report to Boost India’s Turmeric Industry

India is set to unveil a landmark report titled "Making India the Global Hub for Turmeric" on January 15 in New Delhi. Authored by the Indian Council for Research on International Economic Relations (ICRIER) and published by Academic Foundation. The report outlines strategies to strengthen India's position as a leading global player in turmeric production and exports.

The release event, jointly hosted by ICRIER and Amway India Enterprises Pvt Ltd, aims to bring together key stakeholders from the turmeric industry. It is including policymakers, researchers, and business leaders.

Enhancing Value Addition and Global Integration

The report emphasizes the need for increased value addition within India’s turmeric value chain to empower farmers, micro, small, and medium enterprises (MSMEs), and other stakeholders. It highlights the sector’s potential to contribute to India’s vision of becoming a developed nation by 2047. The report underscores opportunities for job creation and the integration of farmers and MSMEs into global supply chains.

Research and Key Findings

The report is based on a combination of secondary data analysis, primary surveys. And a focus on government initiatives like ‘Make in India.’ It explores strategies for expanding value-added exports and enhancing the quality of turmeric products to meet global standards.

The study identifies areas where India can innovate, such as curcumin extraction, health supplements, and organic turmeric products, to meet rising international demand. It also stresses the importance of branding and marketing Indian turmeric as a high-quality, premium product.

Panel Discussions and Key Themes

The report launch will feature two panel discussions addressing crucial industry concerns:

1. Promoting Quality Turmeric Production and Exports – This panel will explore measures to ensure consistent production quality and boost exports.
2. Securing India’s Leadership in Value-Added Turmeric Products – Discussions will focus on innovation, product diversification, and strengthening India's market share in high-value turmeric products globally.

India’s Role in the Global Turmeric Market

India, the largest producer and exporter of turmeric, holds a dominant position in the global market. However, the report highlights the need for improved infrastructure. Better farming practices, and enhanced supply chain management to maintain this leadership.

The study also calls for collaboration between government agencies, private enterprises, and research institutions to address challenges like fluctuating prices, limited farmer profitability, and competition from other turmeric-producing countries.

Conclusion

The release of the report marks a significant step toward realizing India’s potential as a global turmeric hub. By focusing on quality production, value addition, and strategic exports, India can solidify its leadership in the turmeric industry, benefitting farmers, MSMEs, and the economy at large.





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