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Spice Xchange India Portal

The Spice Board of India recently launched the Spice Exchange Portal. The portal will act as a meeting point between the Indian spice exporters and the buyers all over the world. This platform is first of its kind in the country.
Spice Xchange India Portal
Spice Xchange India Portal

The platform was launched by the Union Ministry of Commerce and Industry. The portal uses Artificial Intelligence to connect the buyers and sellers. It will add value to government efforts of increasing spice exports. It will increase the ease of doing business in the country.
Spices contribute 41 percentage of total horticultural exports. Spices rank fourth in Indian agricultural commodities. The first three ranks are held by marine products, non basmati rice and basmati rice.
India is the largest producer, consumer and exporter of spices in the world. All the states in India grow one to two spices. This is mainly because of India’s diverse climatic conditions. Certain spices have highest value in national and international market. For example, Kashmiri Saffron. It received GI tag recently.

Published date : 25 Jan 2022 06:14PM

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