By Ankush Chibber, 02-Jan-2012
The Indian tea industry – the world’s biggest – Is set to almost double in just three years – leaping from US$3.7bn to US$6.3bn by 2015 as health benefit awareness rises, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Its study showed India has 600,000 hectares under tea cultivation, on the back of which the domestic tea industry is growing at an annual growth rate of 15%.
“Awareness about health benefits associated with moderate intake of tea is another significant factor behind this upsurge in its demand as now more and more people are familiar with healing properties of tea,” ASSOCHAM secretary general D.S. Rawat said in a statement to FoodNavigator-Asia
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