India needs to implement targeted interventions to stabilise turmeric production and empower farmers to achieve its goal of USD 1 billion in turmeric exports by 2030, according to a report released by ICRIER-Amway.
The report, released a day after the launch of the National Turmeric Board in Telangana's Nizamabad, outlines strategies to strengthen India's position as a global turmeric producer and exporter, ICRIER Director Deepak Mishra said after unveiling the report on Wednesday.
Establishing a single nodal agency like the National Turmeric Board can ensure quality standards, traceability and streamline certification and testing processes, the report added.
Once the domestic quality and standards are in order, signing mutual recognition agreements for standards and certification for both fresh and processed turmeric with key export markets can reduce the compliance burden and enhance trade.
"Subsidies should be linked to help develop high-end product value chains," the report ...