Embassy of India, Beijing

Press Release: Indian company signs tea export deal worth US$1 million with COFCO

Embassy of India
Beijing
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Press Release
Indian company signs tea export deal worth US$1 million with COFCO

1.As a result of constant efforts put by Indian Embassy in Beijing and Indian Consulates in Shanghai and Guangzhou to promote Indian tea in China and as an immediate outcome of the tea promotion in Beijing 2 weeks ago, Indian company Jay Shree Tea & Industries Ltd signed a US$1 million export contract with Chinese company COFCO (China Tea) for export of Indian black tea to China. The contract was signed during the China International Import Expo (CIIE) in Shanghai on 06 November 2018.

2. In 2017, India exported about 8 million KG of Tea valued at US$25 million, registering 29% Y-o-Y export growth in value terms. Most of this growth is due to the rising demand of Assam CTC black tea, known for its strong color and flavour, which goes well with milk based tea drinks. The growth momentum seems to be continue with efforts of the Indian Embassy and Consulates bearing fruits in signing of larger export contracts with Chinese companies. As per the contract between Jay Shree Tea and COFCO, the former will supply Assam CTC black tea to the latter. Currently, China is India’s 10th largest tea export destination. This is poised to be improved with more and more Indian tea finding its way into huge Chinese market.

(06 November, 2018)

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