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Indian tea firm strikes $1 mn export deal with Chinese company

IANS  |  Beijing 

As eyes the world's biggest market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.

Indian company Jay Shree & Industries Ltd signed the contract with Chinese company (Tea) for export of black tea, the said here.

The deal, signed at China's International Import Expo in Shanghai, came after an Indian promotional event was organised by the in Beijing.

is India's 10th largest tea export destination. Last year, India's export of tea to was worth $25 million.

There is a rising demand for Assam CTC (crush, tear, curl) black tea, known for its strong colour and flavour.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 06 2018. 16:06 IST
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