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Importance of spice industry in India:
India is often referred as “Home of spices”. This is because many of the
70 spices grown in the world, are native to India. Further, since antiquity, India
pioneered in growing spices and exported. India has enjoyed virtual monopoly in
the International Spice trade since ancient times.Out of the 70 spices, several of
them can be grown in India, whereas in other countries a few spices are only
grown. This is because, India has a great extent of diversity in the climate and
soils, which enables to grow a variety of spices.Spices were always export –
oriented crops not only in India, but also in other spice producing countries. India
produces annually about 5.1 million tones of different spices valued at about Rs.
10200 crores, contributing to 25 to 30 per cent of the world production. India is
the biggest exporter of spices and annually exporting about 2 million tonnes of
different spices and spice products earning a foreign of about Rs. 5240 crores

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