Online edition of India's National Newspaper
Friday, Jun 03, 2005

About Us
Contact Us
Tamil Nadu
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment |

Tamil Nadu - Coimbatore Printer Friendly Page   Send this Article to a Friend

UPASI welcomes package

Special Correspondent

COIMBATORE: The United Planters' Association of Southern India (UPASI) has thanked the Union Cabinet for announcing concessions for the coffee and tea industry.

In a statement here, the president of the UPASI, Anil Bhandari, called May 26 a "red letter day" for the plantation industry, especially South Indian tea and coffee sectors.

After the huge losses of the past three to four years and the burden of accumulated debt, the coffee package approved by the Cabinet would go a long way towards stabilising the coffee industry and helping more than 30,000 small and medium growers.

He also expressed his gratitude to the Union Commerce Minister, Kamalnath, for evolving a set of grants and subsidies to give a fresh impetus to tea research.and to substantially convert CTC production to Orthodox teas.

The Cabinet decision to give Rs. 28 crores over a five-year period for tea research of UPASI and TRI Tocklai and the subsidies for orthodox production (varying from Rs. 2 to Rs. 5) would help stabilise the deeply troubled tea industry.

Printer friendly page  
Send this article to Friends by E-Mail

Tamil Nadu

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts:
Classifieds | Employment | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu