CCEA approves Tea Development and Promotion Scheme of the Tea Board for the Twelfth Five-Year Plan

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Capital Market
Last Updated : Dec 11 2014 | 2:00 PM IST

Scheme entails an outlay of Rs 1425 crore

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister, has approved the proposal of the Ministry of Commerce & Industry for implementation of the "Tea Development and Promotion Scheme" through the Tea Board during the Twelfth Plan (2012-13 to 2016-17).

The Cabinet has approved the Scheme with a project outlay of Rs 1425 crore during the five-year period of the twelfth Plan.

The Scheme is aimed at supporting development of improved varieties and technologies for increasing production, productivity and quality of tea, promoting Indian tea in the overseas and domestic markets and encouraging value addition for the purpose of higher unit value realization of tea produced and marketed.

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First Published: Dec 11 2014 | 12:32 PM IST

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