In a significant move to strengthen India’s agricultural exports and rural economy, Union Home Minister and Minister of Cooperation Mr. Amit Shah, announced a ₹8,549 crore (US$1 billion) turmeric export target by 2030. The announcement came during the inauguration of the National Turmeric Board Headquarters in Nizamabad, Telangana.
The newly established board is designed to transform the turmeric value chain—from production and processing to global marketing and exports—while directly addressing the long-standing demands of turmeric farmers.
Key Highlights:
- Export Target: ₹8,549 crore (US$1 billion) in turmeric exports by 2030.
- New National Turmeric Board: Launched in Nizamabad, Telangana to focus on:
- International branding and marketing
- Packing and logistics support
- Facilitating overseas exports
- Farmer Support:
- Ensuring remunerative prices for growers
- Rs. 200 crore (US$23.39 million) allocated for:
- Research & Development
- Quality enhancement
- Increasing farmer incomes
- Political Context: Fulfills a 2023 election promise by PM Narendra Modi to Telangana farmers.
- Strategic Vision: Aligned with India’s broader agri-export strategy to increase global market share through structured value-added supply chains and export-led growth.
This initiative not only reflects India’s ambition to dominate the global turmeric market but also signals a major shift towards organized agricultural logistics, export infrastructure, and farmer empowerment.