What is the role of tea industry in Assam?

What is the role of tea industry in Assam?

Assam produces more than 50 % of the tea produced in India and about 1/6th of the tea produced in the world. Tea industry has contributed substantially to the economy of Assam. About 17 percent of the workers of Assam are engaged in the tea industry.

What are the economic development of Assam?

At current prices, Gross State Domestic Product (GSDP) of Assam is estimated to reach Rs. 4.09 trillion (US$ 55.14 billion) in 2020-21. The GSDP of the state grew at a CAGR (in Rs.) of 12.38% between 2015-16 and 2020-21BE.

What are the major economic activities of Assam?

Assam’s economy is fundamentally based on agriculture. Agriculture sector continues to support more than 75 percent of the State directly or indirectly providing employment of more than 53 percent of the total workforce.

What is the economic importance of tea?

Tea plays vital role in the economy of the state contributing about 15 per cent of the state’s total income. Along with the organized sector, the proliferation of small tea cultivation in Assam has created vast employment opportunities in the rural areas giving economic impetus as well as employment generation.

What is Assam contribution in total tea production of India?

Among the tea producer states in India, Assam along contributes 629.05 million kg to the total production of tea in India which was accounted as 1208.78 million kg during the period 2012-2013. The production of tea in West Bengal also accounted as 312.10 million kg out of total production in India.

What is famous about tea of Assam?

Assam is famous for producing the black tea which is made from the leaves of the Camellia sinensis plant. The black teas are oxidized than other teas like green tea or white tea.

What is the biggest industry in Assam?

Key Industries:

  • Tea.
  • Coal.
  • Oil and gas.
  • Limestone and Cement.
  • Agriculture.
  • Food processing.

Which is the largest industry of Assam?

Large Industries

S.N. Name & Address of the units Investment (Rs in Cr)
1 Indian Oil Corporation Ltd Digboi Refinery, Tinsukia 349.75
2 Oil India Ltd, Duliajan, Dibrugarh 9348.58
3 Indian Oil Corporation Ltd, Guwahati Refinery, Kamrup 1085.00
4 ONGC L, (Assam assets), Nazira, Sivasagar 2000.00

What is the economic importance of tea industry in India?

It provides direct employment to over 1 million persons. Through its forward and backward linkages another 10 million persons derive their livelihood from tea. In Northeast India alone, the tea industry employs around 900,000 persons on permanent rolls.

How many tea industries are there in Assam?

According to the Tea Board of India, “there are more than 4300 small tea growers in Assam producing about nine percent of the state’s total annual production.”

What is the importance of tea industry for Indian economy?

How tea helps in growth of Indian economy?

The quantity of tea exports increased by 12.71% to 28.94 million kgs during 2017-18 as compared to the corresponding period last year, while the revenue earned from exports saw a rise of $ 95.19 million (13.78%). In rupee terms, the total value of the exports was pegged at Rs. 5064.88 crores during 2017-18.

How many tea industry are there in Assam?

Which is the largest tea industry in Assam?

Monabarie Tea Estate Located at the Biswanath Chariali district of Assam, this is the largest tea estate in Assam and all over Asia. This tea estate is also ranked as the world’s largest tea garden. The tea estate is owned by McLeod Russel India Limited which is a part of the Williamson Magor Group.

Which industry is an important industry of Assam?

The important industries of Assam are tea processing, oil refineries, coal, silk and plywood.

Which industry is Assam famous for?

The state accounts for around 95% of global Muga production. Moreover, Assam is the country’s major Eri silk producer (accounts for 65% of the country’s Eri silk production). Under State Budget 2020-21, Government allocated Rs. 289 crore (US$ 41.35 million) for the Handloom Textiles and Sericulture Department.

What are the prospects of tea industry in Assam?

The tea industry has posted a production of 63,706 million kgs till April this year, as compared to 58,010 million kgs during the corresponding period last year. The price realisation at Guwahati Tea Auction Centre (GTAC) too has been up by nearly Rs. 15 to 19 per kg as compared to last year.

What percentage of India’s tea production is contributed by Assam?

The total area under tea cultivation in Assam is accounting for more than half of the country’s total area under tea. Assam alone produces more than half of India’s tea production. The estimated annual average production of tea in Assam is about 630- 700 million kg.

Why is the tea industry?

Indian tea is one of the finest in the world due to strong geographical indications, heavy investment in tea processing units, continuous innovation, augmented product mix, and strategic market expansion. As of a 2018 survey, total of 6.37 lakh hectares of area was cultivated in India for tea production.