R Ambalavanan, executive director of Tea board, functioning under the Ministry of Commerce and Industry, said the new platform would be ready in 3-4 months and would be a pan-India auctioning system.
The platform would enable small tea growers from six societies in Coonor, Coimbatore, Kochi, Kolkata, Guwahati and Siliguri (Darjeeling), besides allowing them access to a wide set of buyers and better price realisation.
Also Read
“We are trying to educate all small farmers about the benefits of such systems,” said Ambalavanan, who added, “convincing small growers to have a uniform policy, bid size, base amount, lot size were the key challenges.”
The pan-India auction project is being funded by the board, with the technical assistance from NSE.IT in Mumbai.
Earlier, speaking at the launch function of new brand from the house of Glendale Estate, Ambalavanan urged tea exporters to focus on the domestic market rather than exports.
“There is a good demand in the domestic market and consumers are looking for quality tea. I urge the tea estate owners to cater to the rising domestic demand and the demand for green tea was particularly increasing in the country,” he said.
Commenting on the production, he said, in north India it was down by around 2-3 per cent, which will be covered in the next 2-3 months. In the south, however, production levels were on the higher side due to supportive climate conditions and other reasons.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)