Govt mulls revival package for tea companies, may include one-time grant

Besides, a relaxation of 1-1.5 years can also be given to the plantation companies to enforce the Labour Code once passed by the Parliament

The Centre is planning to come up with a financial revival package for the ailing tea companies which have been hit hard owing to mounting costs and lenders expressing their unwillingness to lend to these firms.

The package, which may involve a one-time grant of Rs 300 crore towards all tea companies is aimed to relieve the financial stress to some extent as well as improve the cash flow situation. Subsidies, like the orthodox and replantation subsidies, which in some cases, have been pending for over five years can also be given to the tea firms.

Besides, a relaxation of