The future of Assam tea is doomed as there is higher supply than the demand and as a result the price is going down knocking off the players and putting a big question mark to its future.
McLeod Russel offloading the gardens and in the Northern Bank they have refused to buy from the small tea growers, there has been strong panic amongst the tea community as there will be over production from the month of June and there will be no takers which will severely affect the green tea leaves.
Assam Government had formed an expert committee in this regard. The members of the expert committee sit in the first meeting on Monday.
OUTCOME OF THE FIRST MEETING
To discuss on the various challenges faced by the state tea industry and Tocklai Tea Research Centre, a meeting was organised at the conference hall of Assam Agricultural University, Khanapara under the chairmanship of Dr Mridul Hazarika, vice chancellor of Gauhati University.
In the meeting, expert committee has decided to first approach the Tocklai Tea Research Centre to get first hand information on their problems.
It also decided to meet both station and outstation officials of the industry and tea boards from Bengal, Tripura and Kolkata.
The committee will meet the secretary of Industry and Commerce, Government of India and vice-chairman of NITI Aayog to apprise them of the entire situation and the probable solution.
The meeting was attended by Dr K M Bujarbaruah, vice chancellor, Assam Agriculture University, Jorhat and member, Kailash Kartik, joint secretary, Finance Department & member, Umananda Doley, secretary, Industries and Commerce Department & member and by K K Nath, chief executive officer, SITA, Assam & member secretary.