Quality concerns could threaten over half of India's spice exports; needs urgent attention: GTRI
The Hindu
Urgent action needed to address quality concerns in India's spice exports to prevent potential losses and maintain global trust.
India needs to address the quality issue with regard to its spice exports with urgency and transparency as the ongoing quality concerns could threaten over half of the country's spice shipments, a report said on Wednesday.
Economic think tank Global Trade Research Initiative (GTRI) said that every day new countries are raising concerns about the quality of Indian spices.
This issue demands urgent attention and action to uphold the storied reputation of India's fabled spice garden, it said.
"With nearly $700 million worth of exports to critical markets at stake, and potential losses soaring to over half of India's total spice exports due to cascading regulatory actions in many countries, the integrity and future of India's spice trade hang in delicate balance," the report said.
It said India needs to address the quality issues with urgency and transparency.
"Swift investigations and the publication of findings are essential to re-establish global trust in Indian spices. Erring firms should face immediate repercussions," it added.
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