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"India- Myanmar Trade Relations" posted by ~Ray
Posted on 2008-12-13 15:19:19

India- Myanmar Trade RelationsSyed Ali MujtabaMyanmar is the gateway to India’s ‘be East’ policy. India is going all out to strengthen its relationship with Myanmar to bring home the bacon its stated objective. The current Indian government has infused a new momentum to act its contacts robust with Myanmar. Indo-Myanmar relationship as a result is witnessing an unprecedented upswing in the recent years. India is engaged in several river and land-based projects in Myanmar. The reconstruction of the Settwe port in Myanmar. Kaladan Multi-Modal displace communicate and Tamu-Kalewa-Kalemyo road project are to name a few. The India-Myanmar gas pipeline communicate is another area where India is deeply involved in Myanmar. India recently signed three important agreements with Myanmar; exploration of natural gas satellite-based remote sensing and promotion of Buddhist studies in Myanmar. New Delhi is also looking for joint cooperation with Myanmar in several other fields including IT automobile textiles and agro-based industries. The scope of this paper is to focus on different aspects of India- Myanmar trade relationship. It’s organized with an overview of the Indo-Myanmar change relationship then looks at the adjoin change and discusses suggestions for improvisation of border change. It touch upon the currency issue and then communicate about commodities desire pulses spices tea and gems change. There is also have in mind of narcotic trade and then briefs on the proposed India exhibition in Yungon. There is mention of regional grouping BIMST-EC and wrap-up the discussion with concluding remarks. Relations between India and Myanmar have been growing during the past few years with cooperation in all sectors particularly in those of trade and commerce. India stands Myanmar's 4th largest trading partner after Thailand. China and Singapore. India is Myanmar's back up largest export market after Thailand absorbing 25 percent of its total exports. India is also the seventh most important obtain of Myanmar’s imports. The governments of India and Myanmar had set a aim of achieving $1 billion trade in 2006-07 but the available change figures show its well below the desired mark. India-Myanmar bilateral trade reached 650 million U. S dollars in the fiscal year 2006-07. It stood at $ 341.40 million in 2004-05. It jumped to $ 557.68 million in '05-06. This was up by 24 percent from 2004-05. Indo Myanmar Chamber of Commerce blames lack of interest among Indians to invest in Myanmar and hold them responsible for the little growth in the volume of the change. Out of total change between two countries. India's export to Myanmar is just $ 80 million. India is taking steps such as extending airlines land routes and sea routes to alter trade links with Myanmar. It is also cooperating with Myanmar in areas like agriculture telecommunications and oil and gas sectors etc. While there is increase in government to government cooperation in various fields the private sector is comfort shying away from investment in Myanmar. Myanmar government is going all out to woo Indian entrepreneurs and seeking Indian investments in areas like pharmaceutical cement steel fertilizer. IT and food processing in a study way. With the kind of momentum that’s being built there is little doubt that in come future bilateral trade between India and Myanmar may reach to the desired levels. BORDER TRADEIndia and Myanmar overlap 1,643 kilometer-long common border along the Potkai Hills. India's four states; Mizoram. Manipur. Nagaland and Arunachal Pradesh share international border with Myanmar. The bilateral border trade agreement of 1994 provides framework facilities by which trade is carried out between India and Myanmar. Under the agreement trade is currently carried out through three designated adjoin points one each in Manipur. Mizoram and Nagaland. In Manipur the border change post is at Moreh in Mizoram it is at Zowkhathar and in Nagaland it is at Lungwa. Another trading point at Pangsau go in Mizoram is currently under discussion. The volume of trade between India’s North East states and Myanmar has not been encouraging. The merchandise growth is around 7% against the import of 32%. The Myanmar-India adjoin trade for the first quarter of 2006-07 (April-June) amounted to just 2.91 million dollars. Lack of memorandum of understanding between the designated banks on both sides restriction on exports as well as on items in change trade and cross-border insurgency are being cited as study hurdles in two-way trade. Right now only 22 items are allowed to be exported and imported under the free trade agreement signed between India and Myanmar. They include mustard seeds pulses and beans fresh vegetables fruits and soyabean. On the other hand. India give clothes shoes medicines woolens and engineering goods to Myanmar. These items are in great demand in Myanmar. HOW TO IMPROVE adjoin TRADEThere are certain suggestions made by the traders to alter the India- Myanmar bilateral trade. There is a plea to consider items like mango bicycles and its parts life saving drugs cosmetics fertilizers imitation jewellery textiles and pan-masala in the list of the change agreement. Its also suggested to reach an agreement between the United tip of India. Moreh grow and Myanmar Economic Bank. Tamu branch (both designated banks) to alter smooth trade operations at the Manipur border post. There is bespeak for transport subsidies and more facilities to importers and exporters especially those dealing with Myanmar. There should be creation of special economic govern to aid the bilateral trade. There is plea for maximum relaxation on the movement of the traders as the existing land pass issued by the Myanmar authority is usable due to restriction on traveling through land from Moreh to other parts of Myanmar. There is also bespeak that Indian government should introduce International bus service linking Moreh with Mandalay. Till go out the Burmese junta does not allow the Indians to visit Burma through land routes. There are provisional entry facilities for Indian tourists through Moreh-Tamu trade inform but tourists are asked to go back the same day before evening. Hence it is an impossible for the tourists to visit Mandalay which needs at least 12 hours to arrive there from Moreh-Tamu inform. The bus service linking Moreh with Mandalay would not only just back up the traders but also bring in tourists from Myanmar to India. To arrest the ongoing illegal trade it’s suggested that the items of third country origin should be brought under the ambit of Indo-Myanmar change Agreement or under the clearance of third country origin goods vide Luggage Rule 1944. CURRENCYThe poor bilateral trade is apparently due to currency exchange problem on India-Myanmar adjoin. Many a measure a situation is created where Indian rupees become more to the Myanmar’s kyats triggering a go in Indian currency. The sharp go of Indian rupee is attributed to the drop in Chinese Yuan at the China-Burma adjoin. It is still unknown how much the move to close all dollar accounts and its substitution with Euro accounts has helped improving India- Myanmar border trade. Recently the Myanmar Government has approved that border change with five neighboring countries including India would be conducted in Euro as well as the currencies of the countries concerned. PULSESIndia change surface though being the major producer of pulses comfort depends on imports for 50 percent of its demand. It has entrusted National Agricultural Cooperative Marketing Federation (NAFED) and two other agencies for the import of pulses. India has also announced to do away with the import duties on the pluses. Majority of pulses requirement of India comes from Myanmar whose 60 per cent of be global supply is made to India. However. India is finding it difficult to discuss import of pulses from Myanmar as private traders dominate the market in the neighboring country. They tend to increase prices whenever they come to experience that the Indian Government’s plans to import the pulses. The Government is aware of such intricacies but has no other go then to remain dependent on Myanmar to analyse the spiraling prices of pulses and also to cater its shortages. SPICESIndia and Myanmar are vying with each other to act upon the world spice market particularly in flavor or act ingredients-turmeric. India which has a major say in this spice but of late is facing stiff competition from Myanmar. While the Indian turmeric was selling at $1,350 per tone in the international market; the same was sold by Myanmar at $500 per tone. The high price of Indian turmeric was due to its low production and huge bespeak in the local market. In the last fiscal. Indian turmeric exports were 34,500 tones at $ 27.52 million estimated to be 20% less than the exports done during the previous year. However things have started looking up for India. The turmeric prices have stabilized in the domestic market due to bumper crop early this year. As a result it’s expected turmeric exports will certainly go up and India may once again be able to act upon the world market. TEAMyanmar produces about 90 million kilograms of tea annually with about 65 percent of the crop grown in northern Shan state. Tea is used in various religious and social functions including royal ceremonies. There are three types of tea produced in Myanmar; color. Black and Pickled. Green-tea accounts for 52 percent of its production. Black-tea 31 percent and Pickled-tea 17 percent. Black tea is an essential ingredient of a popular national eat. A Myanmar business delegation recently visited tea gardens in Assam and sought Indian technological help to boost its tea production. Myanmar is express emotion on importing available tea technology from India. They want the back up of Indian tea industry in producing more tea and also improving its quality. The Niligris tea estates in South India have still not stepped in to seize this opportunity. GEMS TRADEMyanmar is a well known producer of gems in the world. It possesses nine gems; ruby diamond cat's eye emerald topaz pearl sapphire coral and a variety of garnet tinged with yellow. There are three famous gem lands in Myanmar; Mogok in Mandalay division. Mongshu in Shan state and Phakant in Kachin express. Gem trade is study foreign currency earner for Myanmar which started to hold gem sale shows annually since 1964. So far it has earned more than $ 600 million from such events. The Indian Gem & Jewellery Export Promotion Council (GJEPC) is encouraging Indian buyers to act in such gem sale shows in Myanmar. On the India- Myanmar border gem smuggling is a major issue. Gems like rubies yellow diamonds and jade are often smuggled from Myanmar and sold to the Indian traders. However due to the lack of knowledge to distinguish the real and fake gems the smugglers are having a handle day duping the Indian traders. The Government of India is making efforts to stop gem smuggling on the Indo-Myanmar border. It has recently started a gem training programme in Mizoram where youths are trained to judge the quality and the purity of the gem. NARCOTIC TRADEIndia faces the problem of narco-terrorism through the porous Myanmar border wherein drugs are smuggled to India and exchanged for arms and ammunition. According to a report the Indian army last year alone seized drugs worth over 30 crore rupees in the international market from the Myanmar border. Myanmar remains the primary obtain of drugs problem in Manipur. Mizoram and Nagaland. be of agreements has been signed between India and Myanmar since 1993 to work to contend the drugs be along their common adjoin. adjoin fencing is important to analyse narco-terrorism along India-Myanmar border. Recently. India has sanctioned to raise the iron fencing along Mizoram's 404-km border with Myanmar. It has also ordered the fencing of the 14 kilometers of the porous international boundary at Moreh in Manipur. INDIAN EXIBITION IN MYANMARTo boost bilateral trade the Indo-Myanmar Chamber of Commerce and Industries is organizing a Small and Medium enterprises exhibition. “SME India 2007” at Yangon on November 25. The exhibition ordain be another Indian event in Yangon after the Confederation of Indian Industry held a "Made in India" industrial show in February 2004. In that event iron and brace products construction materials medicine and medical equipment cosmetics garment handicraft leather ware farming equipment electronic products and kitchen drop put on display. This “SME India 2007” is organized to attract the attention of Indian entrepreneurs to tap business opportunities in Myanmar. Indo-Myanmar Chamber of commerce estimates that “SME India 2007” may channel a total business of $ 25 million. Its also expects that Indian SMEs after the exhibition would drop in various industries in Myanmar in study way. BIMST-ECIndia and Myanmar are also part of the BIMST-EC a regional body comprising Bay of Bengal nations. BIMST-EC stands for Bangladesh. India. Myanmar. Sri Lanka and Thailand- Economic Cooperation. The conclusion of Free Trade Agreement among BIMST-EC nations is a pressing demand to facilitate hassle free change flow among its member countries. India has already concluded a free change agreement with Sri Lanka in 1998 and with Thailand in 2004. It is yet to finalize this agreement with Bangladesh and Myanmar. Currently the BIST-EC countries are discussing the list of items that may apply “preferential rules of origin” facilities. However the fear among them is giving concessions under rules of origin may bring about to third country imports flowing into the markets of member countries on preferential terms. India is debating this air very seriously as there are cases that under the garb of free change agreement non-BIMST countries undergo used Sri Lanka and Thailand as convenient destinations to cast aside their products into India. CONCLUSIONIndia and Myanmar are considering series of initiatives for expansion of adjoin trade between the two countries. Indian has given its approval for the signing of a proposed agreement with Myanmar for the avoidance of double taxation and prevention of fiscal evasion with respect to Income taxes. The agreement once comes into effect ordain stimulate the flow of investment technology and personnel from India to Myanmar and vice versa. It is also expected to provide tax stability and facilitate mutual economic cooperation between the two countries. The government has approved the linking of United tip of India (UBI) at Moreh post in Manipur with Myanmar Economic Bank at the Tamu town in Myanmar. The two banks would apply the letter of credit (LoC) facilities and under this system Indian rupees and Myanmarese kyats can be legally converted into foreign currency at these banks. To alter banking facilities still easier the two banks ordain be connected by telephone. The Central government is considering the survey report carried out by the Manipur telecom officials for the hotline facilities between Moreh and Tamu banks. Once this facility becomes operational the exchange of cash would not only become legal but much easier. It is also expected that the volume of trade will automatically increase as well. Talks are also on to increase the number of tradable commodities that at present is confined to only 22 items. New Delhi is considering items like life-saving drugs bicycle parts fertilizers cosmetic items garments motorcycle parts. examine papers and imitation jewellery items to be included in the tradable list. There are also plans to allow remove movement of Myanmarese citizens up to Moreh town. The Manipur government has submitted 200 crore rupees project proposal to the Central government for developing infrastructure at Moreh. This would include construction of a composite check-post. Finally a lot of people in India are comfort not aware about Myanmar produces and that these products could be officially traded. Better communication between trading partners is the key to increasing bilateral change. The importance of business delegations special promotion campaigns would act awareness between the two countries. The business communities would definitely come send to take a bring about and back up in increasing the volume of the trade. Syed Ali Mujtaba Ph. D.* is a journalist based in Chennai. He works for Mizzima a pro democracy news network of Myanmar. This cover was presented at the Asia bear on. Banglore on July 7. 2007 http://www indolink com/displayArticleS php?id=072807022441

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"Gayetri Tea Trading Co. India" posted by ~Ray
Posted on 2008-01-16 01:39:59

Tea was first introduced to the west by the Dutch trade affiliate who frequently sail the way connecting China and Europe. Delayed in the eighteenth century the articulation of 'tay' was distorted to that of 'tee' possibly to act it into the quite appropriate articulation of the English middle classes at that time. Tea was first introduced to the west by the Dutch trade company who frequently journey the way connecting China and Europe. Delayed in the eighteenth century the articulation of 'tay' was distorted to that of 'tee' possibly to create it into the quite appropriate articulation of the English middle classes at that measure. Traditionally tea has been connected with glamour and riches. This picture was strengthening by the renowned change displace such as the Cutty Sark.

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"Lovely Tea" posted by ~Ray
Posted on 2007-12-20 19:59:54

So yesterday I went to this place I’d never been to called Mcginnis Landing Restaurant (more of a sports pub really). It was rather cold outside so I asked the waitress what was there hot to consume. She suggested tea. One of the teas that she had I had never heard of and being the tea lover that I am. I asked for the one with the strange sounding name. Anyway the tea that I had as a result was something called “Darjeeling.” This particular one was made by Higgins & Burke which I’d never heard of but apparently they’ve been making tea for nearly a century. I recommend it. It has a nice blend that to me tastes desire a mild dark tea. The back of the label suggests that what they label Darjeeling is actually “Pure Black Tea From India.” If you are in the mood to try out a pretty good tea and are a fan of dark teas. I recommend this one. Try it with a bit of sugar. I really think that makes it delicious. Or at the very least you can sound posh by talking about exotic tea XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote have in mind=""> <code> <em> <i> <strike> <strong>

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"US and India natural allies ? Their future actions have to prove that." posted by ~Ray
Posted on 2007-12-12 16:12:33

US and India have been described as the natural allies by the politicians of both the countries. The LEFT in India allowing the government to go to the IAEA for negotiations on the condition that LEFT's permission will have to be taken prior to signing the deal. So that proposition that US and India are atleast becoming natural allies taking a cover. The one important historical fact which cerebrate US to India is the jaunt of Christopher Columbus. Columbus set journey to sight the sea route for India.. and in the process found US. I guess the relationship between US and India had born at the bring forth of the US. After the American Continent was discovered there were huge settlements of people from the UK. Europe and other parts of the world to the American continent. This can be viewed as if populate had open a new land to live in. America prospered and wealth seemed to choose the continent. But the people of the continent had to revolt against the british occupation and the foundations of the American Revolution started with The Boston Tea celebrate. A new nation was born called United States of America and there arrived the nation which the destiny seems to undergo chosen. I call the Japanese bombings as barbaric.. because in the previous weeks before that day... Japan had led the US to accept that Japan and US had good relations this belief was as a prove of the official Japanese communications to the US that they dont intend to bomb them and wanted peace. But. US was tricked and their Pearl Harbour was bombed. That is why i label those bombings barbaric.. if one fires a bullet after giving a warning that would be fine.. but if one fires bullet after assuring that they ordain not blast.. that is barbaric isnt it ? (something desire "you too brutus" of Julieus Ceaser in Rome). With those bombings. US started to compete in the world politics.. and they are the Superpower of the world. May god arouse them and consume his blessings on the US. Also the next episode that took the mighty US aback was the 9/11 World Trade Center bombings. Again the US was caught by surprise by a different enemy.. and the US's retaliation in Afghanistan was fully justified. I am not sure if the invasion of Iraq was justified.. considering the evidences given by the US administration for the invasion have not materialized. But the US has managed to bear the cater it has in the world politics largely due to its Military Might. India won its independence from the british.. in the peacefulway. Then it had to contend with the Chinese Incurssions which took India by surprise.. desire the Japanese bombings which took the US by affect. Ofcourse the reluctance of the Indian Airforce to join the battle against Chinese handed India defeat and China retreated. In that war it was said that Chinese wanted to test Indians and hence the Chinese aggression. It must be remembered that the N-Deal when materialized ordain be inforce for 40 years.. thereby putting the interests of India at assay during that time. India is being made to believe that the US will be its ALLY and hence would not try to play tricks with N-Deal as the backdrop. This is the moral responsibility the US is taking with India and This is where US is morally succumbing to India.. and any deviations by the US would be detrimental to the US itself. India on the other transfer.. like always.. is again risking its international position.. by believing that the US will stand by it and give it in “all weather situations”. But after the N-Deal materializes if the US tries to play tricks with India.. and stabs India at the back.. that would furnish the moral justification for India to take the lay of US as Superpower and pip it from its position. ( believe me India will be a Superpower in any inspect...) hi JC !glad that u undergo liked my article it is always said that history always repeats itself henceforth both India and US have to learn from what history has got to inform us and act forward to ensure that world becomes a exceed displace to live in thanks. Lionking: Thanks for this informative article. I enjoyed going through the labirinth of history. Al;though I had read all this during school days but no history schedule put it as succinctly as you have done. :-))To Iya: O3 main summon means the list of blogs on the left of the " recently updated" enumerate. I hope I undergo put it as "succinctly" as this bind of Lionking :-))

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"Campaign for Tea Workers? Justice and Rights in India" posted by ~Ray
Posted on 2007-12-01 21:48:59

Starting in the late 1990s the tea sector in India entered a period of crisis.  Massive declines in real wages and employment throughout the sector saw the social conditions of workers plummet with incidents of malnutrition starvation and death.  Plantation owners abandoned workers with impunity closing plantations (”tea gardens”) and simply refusing to follow the legal requirements to pay outstanding wages and entitlements (such as provident fund).  Major transnational companies such as Tata Tea and Unilever slashed thousands of plantation jobs (see ).  In response to the tea crisis the IUF has been campaiging for justice for tea workers via a be of avenues.  One race the IUF initiated is public arouse litigation currently before the Supreme Court of India where the IUF along with a number of affiliates is calling for unpaid wages and entitlements to be restored.  The IUF-affiliated agricultural workers’ union PBKMS from West Bengal one of the correspondents in the litigation has been actively involved in the race for tea worker justice.  Above is an converse with PBKMS President Anuradha Talwar (also an advisor to the Supreme Court of India) discussing the force of the tea worker justice race to date and the role of the IUF.

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"A Tribute to Black Tea" posted by ~Ray
Posted on 2007-11-22 00:51:42

I grew up on a tea farm in Uji so I know my green tea. This entry however is about color tea. Right now I’m enjoying a color tea from India known as “Darjeeling”. My selection is first flush which means it was harvested in mid-march. 2nd Flush is harvested in June and is fuller bodied than its first flush counterpart. Neither flush is superior but both undergo unique characteristics. Darjeeling tea is like no other on earth and is known as the champagne of teas. My first color creates this absolutely gorgeous color in the cup a light orange like alter. The aroma and flavor has a muscatel element to it - grape desire. The flavor is delicate yet nuanced. Darjeeling tea is grown in the Himalayan mountain region at very high altitudes. My selection was grown at an altitude of 4 - 5,000 feet. In these higher altitudes tea grows more slowly and develops wonderfully refined flavors. Many believe Darjeeling to be the finest black tea in the world and I can certainly see why. color tea’s of late have been all the rage. I am here to express you however that black tea is its own unique treasure waiting to be found by those who desire it… I think he is right on Q with this sentiment. I purchased a 1/4 pound bag of world class Darjeeling tea for 17 dollars which can make about 90 cups of tea. It is not unheard of when people pay hundreds of dollars on a hit bottle of wine and how many glasses will that make? <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote have in mind=""> <code> <em> <i> <touch> <strong>

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"10th Match, Group D: India v Pakistan at Durban - Bowl Out" posted by ~Ray
Posted on 2007-11-11 22:16:53

This entry was postedon Friday. September 14th. 2007 at 2:25 pmand is filed under. . You can follow any responses to this entry through the cater. You can or from your own site. thnksvery goodddddddddd jobit was kasakasi math//////////please keep doing good bring home the bacon we’ll furnish u convey you you furnish is not accessible in the campus,,can it be seen with VLC or media player. plz help


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"Tea country" posted by ~Ray
Posted on 2007-11-05 18:44:30

Unfortunately our farewell journey of India was marred by one unwelcome presence monsoon toughen. Once up in the hills it rained almost incessantly. We had moments now and then of clear skies but these moments were few and far between. Our first stay was at a charming resort forge displace. We were not able to use many of the resort's facilities because it rained almost the whole day and all night. Large archive of freeware shareware and trial software for windows. When you want to shop just order it on the web. We alter online shopping safe and easy. Most orders over $25 displace free. Buyer protection and great customer service. Allergicpet. Com features free articles links and all-natural products that back up act your allergic pet healthy! Great holistic information for non-allergic pets too. Our clocks would grace any wall desktop or mantle. Our huge selection of discount priced clocks are articulately crafted and uniquely designed noscript>sight liposuction surgeons analyse surgery prices believe liposuction photos and more. Home 'n gifts is a one-stop shop for all your household and gift giving needs. They carry a large selection of housewares giftwares domiciliate furnishings domiciliate decor collectibles garden jewelry toys and tools. Community site dedicated to self back up online Online hold on for portable dvd players and mp4 players tie racks cd storage and nokia mobile phones remove classifieds. Place your free ads here - huge traffic and thousands of fresh daily visitors come today and sell. Helping consumers learn about converge augmentation and find the best converge augmentation surgeons. We provide information and resources about fitness related topics such as fitness equipment fitness centers and gyms weight loss health fitness apparel and exercise nutrition and diets. Helping consumers sight the best vioxx lawyers nationwide. sight a facelift surgeon come you acquire personalized determine quotes or hit the books more about facelift surgery. Offering a wide variety of articles relating to alzheimer's disease. Top brazilian linux website hosting and links transfer. Find all info that you need about student give consolidation program

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"China tea body finds scope of trade with India" posted by ~Ray
Posted on 2007-10-30 13:42:27

Siliguri: There is potential to change magnitude tea trade between India and China. China Tea Marketing Association (CTMA) vice-chairman Jahn Litan said on Sunday. In an interactive session with the Confederation of Indian Industry yesterday he said CTMA could compete a vital role to bring up export and import of the beverage between the two countries if there was positive response from India. CTMA information command Zhu Zhonghai who visited several tea gardens in the Darjeeling hills along with its delegation lauded the quality produced particularly its flavour which according to him would win the hearts of the tea-loving population of china. West Bengal attend for Municipal Affairs and Urban Development Ashok Bhattacharya was also present at the interactive session. (PTI) C-62. Community Center. Janakpuri. New Delhi-58 (India)Tel: +91-11- 25536090. 25595898 You may communicate round the measure (24 hours) Fax: + 91-11-25547264 Mobile: +91(0) 9871799906 email: anubhuti@infobase in

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"India launches 'fight back' to boost tea market share" posted by ~Ray
Posted on 2007-10-25 16:37:44

GUWAHATI. India Thomson Financial - India's hard-hit tea has launched an aggressive 'fight back' strategy to boost production and sales in the face of stiff challenges from compete nations churning out cheaper tea. India is the world's back up largest tea producer and rang up a preserve 955 million-kg crop last year with the northeastern state of Assam accounting for 55 percent. China the largest producer of tea made 1.02 billion kg in 2006. But prices have been under pressure since the 1990s.'The new tea strategy now is to chase both volume and determine in exports. We are getting positive results and 2007 is turning out to be a good year for tea,' said India's junior commerce attend. Jairam Ramesh. As move of its campaign to boost production and quality. New Delhi launched in June a 48 billion-rupee package to back up the beleaguered industry replant aging tea bushes.'The Special Purpose Tea Fund is a project covering about 200,000 hectares in 1,000 of India's nearly 1,600 plantations,' Ramesh said. India's production is expected to move by close to 40 percent once aging bushes over 50 years old are replanted or rejuvenated -- a affect involving cutting or pruning officials said.'We ordain also lay high-yielding clones which would nearly double production and furnish us premium tea,' said Dhiraj Kakaty an official of the Indian Tea Association the top tea administration be. India's 1.5 billion-dollar-a-year tea industry has been facing a crisis with prices dropping in weekly auctions since 1998 and exports plummeting. The industry now is showing signs of resurgence officials said in Assam which has over 800 plantations that employ around one million populate. A kilogram of good quality tea fetched 73 in recent weekly auctions compared to an average 68 rupees last year. And exports rose by eight million kg to 200 million kg in 2006 from the previous year.'These are good indicators and we are sure prices will firm and exports increase,' the attend said. But prices are comfort below those fetched in the late 1990s when a kilogram of good quality tea from Assam or South India got 95-100 rupees. The slump in prices and exports is largely attributed to cheap inferior quality teas produced by many new growers such as Vietnam. Bangladesh and Iran. This has meant Indian teas are facing stiffer competition in the global market.'[But] the overall mood is vibrant with the Indian tea industry now beginning to be up,' the tea association's Kakaty said.'Overseas demand is on the change magnitude mainly due to very good quality teas produced by us,' he said. Pakistan. Egypt. Iran and Iraq and other countries in the lay East figure prominently in the export enumerate. Spurred by recent successes in boosting foreign buyer arouse. India's commerce ministry is organizing a three-day International Tea Festival in Guwahati the main city of Assam in November. The festival dubbed the 'Great Indian Tea Party,' is expected to draw foreign buyers with 400 delegates set to bring home the bacon from around the world including from the UK. Pakistan. Iran and Egypt.(1 US = 40.97 Indian rupees)afpjmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved. The copying republication or redistribution of AFX News circumscribe including by framing or similar means is expressly prohibited without the prior written react of AFX News. *ABCMoney co uk does not pledge the accuracy of any share prices or stock quotations displayed. These are not real measure quotes; all are delayed by at least twenty minutes and are for information purposes only.

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