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Financial crisis in tea sector deepens; companies put up estates for sale

The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies

Topics
Assam tea | tea estates

Avishek Rakshit  |  Kolkata 



Tea plantation
Tea plantation

With limited funds available for daily operations, the financial crisis in the tea sector is deepening with several putting up their estates for sale. This is despite tea prices improving marginally last year with projections of a good opening this year once auctions re-commence.

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First Published: Tue, January 21 2020. 17:41 IST

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