A B Mauri was formed in 2004, when Associated British Foods acquired the yeast business of Burns Philp and merged it with the Bakery Ingredients business of Cereform.They have t
Telangana Government is planning to set up a turmeric park in Padigal village in Nizamabad district of Telangana. The government has acquired acres of land and plans to develop processing unit, godowns, administrative building and computer trading centre here. The project cost is estimated at Rs. 308 million. It may be noted, the central government which mooted the park has dropped the idea after bifurcation of the state. Now, the state government has forward to implement the project and fund the same from its own coffers.
Spices Board of India is planning to set up a Spice Park at Unjha in Gujarat, with an objective to provide processing infrastructure to the small and medium players. The total project cost is estimated to be around Rs. 20 crore without the land cost. Spice park will also be set up in Kota in Rajasthan and Rae Bareli in Uttar Pradesh by the year 2017. Also, the Board has set up a Spices Development Agency (SDA) at Unjha for the seed spices - cumin seeds, fenugreek seeds, coriander seeds and fennel seeds.
Indian Spice companies are moving to South East Asia and China as cost of taxes makes many project unviable. New taxes are being introduced like biodiversity tax are adding woes to spice traders.
Currently, India produces more than 70 spices compared to other countries which focus on only 4-5 spices but cultivate on large proportions, which helps them to arrive at economies of scale. Further, countries like Myanmar also offer tax holiday makes them mare more competitive. India in 2014-15 exported 11,475 tonnes of oils and oleoresins, valued at Rs. 1,911 crore, one per cent more than in the previous year.