The Spice Annual Report 2023\u201324 reveals that the Indian spice trade has crossed an important milestone. More importantly, India is likely to accrue foreign exchange in excess of \u20b91.25 trillion (nearly US$19 billion), making it the world’s largest spice exporting country for various spices.<\/p>\n\n\n\n
However, much of this output now leaves the country as raw or partially processed material. It is due to this reason that the Government of India has implemented post-harvest and processing infrastructure subsidies.<\/p>\n\n\n\n
These centers in turn are expected to change the industry by enabling entrepreneurs and raising product quality, capturing more value at home and spurring the creation of global brands.<\/p>\n\n\n\n
Also the article detail aspects in which start-ups may strategically use these subsidies. Entrepreneurs can take advantage of India\u2019s strong spice export pipeline by setting up structurally profitable processing units.<\/p>\n\n\n\n
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