INVC,
Delhi,
During 2011-12 crop season, 23 exporters, 74 Dealers and 2 Manufacturers participated in the auctions who purchased a quantity of 36%, 8.61% and 66.39% respectively. Various measures are undertaken on a continuous basis to enhance exports like mounting trade delegations, participating in foreign exhibitions, improving product, reducing pesticide residues etc so as to increase demand for Indian Tobacco. The participation of foreign buyers & companies in the Indian tobacco sector is governed by the extant FDI Policy of the Government. The Indian Tobacco Association (ITA) a body of the Indian Manufacturers, Exporters and Traders is being continuously persuaded to increase the number of buyers on the Auction Platforms and the result is the buoyant market trend in the Auction Platforms of Tobacco Board where the farmer’s tobacco is marketed. This information was given by the Minister of State for Commerce & Industry, Dr. D Purandeswari.
