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Indian tea firm strikes $1 mn export deal with Chinese company

China is India’s 10th largest tea export destination. Last year, India’s export of tea to China was worth $25 million.

IANS | Beijing | November 6, 2018 6:05 pm

Indian tea firm strikes $1 mn export deal with Chinese company

Representational Image.(Getty Images)

As India eyes the world’s biggest tea market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.

Indian company Jay Shree Tea & Industries Ltd signed the contract with Chinese company COFCO (China Tea) for export of black tea, the Indian Embassy said here.

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The deal, signed at China’s International Import Expo in Shanghai, came after an Indian tea promotional event was organised by the Indian Embassy in Beijing.

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China is India’s 10th largest tea export destination. Last year, India’s export of tea to China was worth $25 million.

There is a rising demand for Assam CTC (crush, tear, curl) black tea, known for its strong colour and flavour.

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