Union Minister for Commerce and Industry Shri Piyush Goyal launches National Turmeric Board

Tags: National

Why in the news?

• Union Minister of Commerce & Industry, Shri Piyush  inaugurated the National Turmeric Board in New Delhi.

Important points:

• Shri Goyal announced Shri Palle Ganga Reddy as its first Chairperson.
•  The headquarters of the Board has been set up at Nizamabad.
• India is the largest producer, consumer and exporter of turmeric in the world.  India has more than 62% share of world trade. During 2023-24, 1.62 lakh tonnes of turmeric and turmeric products valued at 226.5 million USD was exported.

Objectives:

• The National Turmeric Board will focus on the overall development and growth of the turmeric sector in the country.
• The National Turmeric Board will provide leadership, augment efforts and facilitate coordination with other Government Departments/Agencies in matters pertaining to the turmeric sector and facilitate growth and development of the Turmeric sector in the country. 
•  It will help bring focus to efforts of tapping the vast potential that exists for increasing trade of turmeric and its products, especially in view of the health and wellness benefits of turmeric.
• National Turmeric Board will help boost their incomes and also give impetus to increase production especially in Andhra Pradesh and Telangana where there is a lot of potential