Tamil Nadu - Coimbatore   

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.

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