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Tea sellers criticise e-auction after Rs 167-cr payment hold-up

The auction was proposed in order to imporve transparency, particularly for small tea growers and minimise interference of middlemen

Avishek Rakshit  |  Kolkata 

The Tea Board of India's move to generate a direct buyer-seller interaction on a large scale via the pan-India e-auction seems to have resulted in a blame game over several issues between the tea industry and the union commerce ministry's wing. While the Tea Board of India has adopted a thematic and idealistic stance to bring in more transparency into the tea trade, the industry feels otherwise. The problem lies in the payment of Rs 167 crore, payable by buyers to sellers or brokers. This payment was held up and has created an issue that had to be taken to the commerce ...

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First Published: Tue, September 27 2016. 22:34 IST
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