IMEEEC opportunity to capture world spice market: Minister

Navi Mumbai: The India-Middle East-Europe Economic Corridor inaugurated at the G20 recently is an opportunity to bring back the glory of the old spice route and capture the world spice market, Piyush Goyal, Minister of Commerce & Industry, Government of India, said on Saturday.

In his keynote address during the 14th World Spice Congress, he said, “Spice unites India and the world. It reflects the rich cultural heritage of India. We should work to bring back the old charm of Indian spices. The theme for WSC 2023 is “Vision 2030: SPICES”, which encapsulates key pillars of Sustainability, Productivity, Innovation, Collaboration, Excellence and Safety, and should include exclusivity and inclusivity.”

Emphasising India’s substantial growth in the spice industry, the Minister stated, “It is time to celebrate the flavours of India and the versatility of Indian spices. We should capture world markets. We aim to become the most preferred source of spices for the rest of the world. Considering India’s current USD 4 billion export, the spices industry should set target of USD 10 billion by 2030.”

India should organise the world’s largest exposition, conference, and symposium of the spice industry in Delhi in 2024 and invite exhibitors from competitor countries to see our capabilities in the spice industry and focus on value-added segment, Goyal added in a press release here.


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