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No need for local partners, global firms can now bid in tobacco auctions

Move likely to provide relief to growers who suffered sharp fall in tobacco prices few years ago

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Global Firms Allowed In Tobacco Auctions

B Dasarath Reddy  |  Hyderabad 



Photo: Shutterstock
Photo: Shutterstock

The Government of India has decided to allow global companies to directly participate in the tobacco auctions.

The move is expected to increase the competition at the auction platforms in major FCV tobacco centers like Guntur in Andhra Pradesh where the tobacco growers faced a serious crisis due to the fall in prices a couple of years ago.

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First Published: Mon, May 22 2017. 17:56 IST

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