Connect with us

News

Nearly half of Darjeeling tea estates are on sale

Published

on

BY S VENKAT NARAYAN Our Special Correspondent

NEW DELHI, September 15: Nearly half of Darjeeling’s tea estates in India’s West Bengal state, numbering around 35-40, are up for sale as planters are unable to run the operations smoothly in the absence of international buyers from Europe and Japan who used to buy good volumes of Darjeeling tea, and increasing production cost.A liquidity crisis, high wages and falling tea prices are impacting the profitability of Darjeeling planters, forcing them to look out for buyers. Recessionary pressure in Europe, a top export destination for Darjeeling tea, is keeping buyers away from this premium brew.

Japan has reduced buying from Darjeeling since 2017, when agitation in the hills stopped operations of the estates for four months. Japanese buyers never came back with full vigour since they were sceptical about supply issues.Local real estate players are looking at buying these gardens so that they can convert 15% of the estate land to resorts and start tea tourism. The West Bengal government has allowed the use of 15% of tea estate land for tea tourism. There are 87 tea estates in Darjeeling.

Anshuman Kanoria, a Darjeeling planter and Chairman of the Indian Tea Exporters Association (ITEA), said: “The Darjeeling industry is going through a financial crisis. Nearly 40-50% of the gardens are looking for buyers. If they get fair prices, they will sell them. It is becoming difficult for them to run the show.”

A senior planter, who did not want to be named, said: “The big groups are not willing to sell off their gardens. Those planters who have single estates are more keen to sell their gardens. They are testing waters and if they get a good price, they will sell off.”

Darjeeling’s tea industry used to produce around 11 million kg of tea around a decade ago, which dropped to 6.7 million kg in 2021. Despite the drop in production, there is no commensurate rise in demand in both domestic and international markets.

“In such a situation, the industry does not have the capacity to support its 55,000 permanent workers,” said Sandeep Mukherjee, the Darjeeling Tea Association’s principal adviser.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Sun directly overhead Mannar, Periyamadu, Puliyankulam, Welioya and Pulmoddai about 12.11 noon today (30)

Published

on

By

The sun is going to be directly over the latitudes of Sri Lanka from  28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (30) are Mannar, Periyamadu, Puliyankulam, Welioya and
Pulmoddai about 12.11 noon.

Continue Reading

News

Lanka tracks 11 US-sanctioned Iranian tankers off coast

Published

on

(AFP) Sri Lanka’s maritime authorities were monitoring a fleet of 11 US-sanctioned Iranian oil tankers just off the island’s southern coast, the foreign minister said Wednesday.

The tankers were spotted close to the Galle harbour where an Iranian frigate, IRIS Dena, was sunk by a US submarine in March, killing 104 sailors. Sri Lanka’s navy rescued 32 Iranian sailors from that frigate.

Iranian vessels have been in limbo, unable to return to their home port because of a US blockade.

Sri Lanka’s Foreign minister Vijitha Herath said the tankers were in international waters where they had freedom of navigation.

“These ships are away from our territorial waters… we have no hold on them, nor have we facilitated them,” Herath told AFP.

The military deployed reconnaissance aircraft and patrol boats to monitor the vessels outside Sri Lanka’s 12-nautical-mile territorial waters, a military official told AFP on condition of anonymity.

“There is no indication of any ship-to-ship transfer of oil or illegal discharge of pollutants, so there is no basis for Sri Lankan authorities to take action against them,” the official said.

Many Iranian merchant vessels moved east towards the Strait of Malacca and Singapore due to US sanctions, while several remained near Sri Lankan waters, authorities said.

Sri Lankan officials said Washington had not formally notified Colombo about sanctioned Iranian-flagged vessels

Continue Reading

News

House to debate abolition of Chief of Defence Staff post

Published

on

Parliament is to debate next Wednesday the Government’s proposal to abolish the post of Chief of Defence Staff (CDS), with the Second Reading of the Chief of Defence Staff (Repeal) Bill scheduled for September 9.

The Bill seeks to repeal the Chief of Defence Staff Act No. 35 of 2009, which was introduced shortly after the end of the armed conflict.

According to Secretary General of Parliament Kushani Rohanadeera, Parliament will meet from September 8 to 11, with the business for the week approved by the Committee on Parliamentary Business chaired by Speaker Dr. Jagath Wickramaratne.

The debate on the Chief of Defence Staff (Repeal) Bill is scheduled to take place from 11.30 a.m. to 5 p.m. on Wednesday, following questions to the Prime Minister and other parliamentary business.

The CDS post was established under the 2009 Act as part of the country’s higher defence command structure.

On Tuesday, September 8, the House will consider two Orders published in Extraordinary Gazettes under the Motor Traffic Act from 11.30 a.m. to 5 p.m., followed by an Opposition motion at the adjournment.

On Thursday, September 10, Parliament will debate a Resolution under the Women’s Empowerment Act.

The final sitting day of the week, Friday, September 11, has been allocated from 11.30 a.m. to 5.30 p.m. for several Private Members’ Motions.

The motions will cover issues including regulation of the petroleum, fuel and water industries, measures to increase the birth rate, protection of the Diyagama Forest, pension deductions affecting Pirivena teachers, food-crop cultivation in mountainous areas, development of the Kithul industry and the establishment of a Faculty of Medicine at South Eastern University.

Questions at the adjournment will be taken up at the end of each sitting day.

Continue Reading

Trending