Organic spice export may touch Rs 2.6 bln by 2012

MUMBAI: India is likely to export organic spices worth Rs 240 crores to Rs 260 crores by 2012, a senior official said on Wednesday.

The Spices Board will spend Rs 600 million for development of organic spices, especially chilli, turmeric and ginger, V.J. Kurian, chairman, Spices Board, said. India is the world's biggest spices exporter, with exports touching an all-time high of $1.1 billion in 2007/08.

He further said that restrictions on movement of goods through land route have been relaxed and even machinery export is allowed on case to case basis.