In collaboration with the Embassy of India in Bangkok, the Spices Board organized an International Buyer Seller Meet (IBSM) and a webinar that brought together Indian spice exporters, leading spice importers in Thailand, trade associations, chambers of commerce, leading supermarket chains, and department stores, among others.
According to an official, the event brought together about 240 Indian exporters and 60 or so Thai importers.
Suchitra Daurai, India’s Ambassador to Thailand, kicked off this international online event. She emphasized the historic ties between the two countries, as well as the possibilities for Indian spices in Thailand, in her address.
Diwakar Nath Mishra, Joint Secretary, Ministry of Commerce, also delivered the keynote address on this occasion.
“India’s spice exports totaled more than 17 lakh MT valued at more than 30000 crores during the 2020-21 fiscal year.”
Despite the pandemic scenario, this exceeded the 4 billion US dollar milestone in monetary value compared to the previous year,” according to the statement.
Thailand is a major destination for Indian spices, and it gives up new prospects and avenues for growth.
Every year, India sells 68225 MT of spices to Thailand, valued at Rs. 944.35 crores, accounting for 6% of overall spice exports by volume and 5% by value. Chilies, turmeric, garlic, and value-added goods such as spice oils and oleoresins, curry powders, and so on are among the most important spices shipped from India to Thailand.
D. Sathiyan, Secretary Spices Board, stated at the event’s special speech that they have been holding a series of digital buyer-seller meets (BSM) to ensure that there is no gap/ impediment in sourcing and supply.
“The Board is preparing to create a one-of-a-kind virtual platform for export facilitation and promotion. This platform would give exporters with up-to-date trade and market information, as well as the ability to set up a virtual office on the portal. The platform will also be able to host virtual trade fairs and meetings, conferences, workshops, training programs, and other events for the Indian spice sector “He went on to say
Spices Board, the connection between Indian and international spice commerce, has been actively promoting and developing the Indian-International spice trade for the benefit of the spice community in India for many years, particularly during the pandemic period.