As A Crisis In Tea Estates Grows, Several Major Players Are Leaving The Business
28 / 4 / 2023
India's tea plantation industry has undergone significant changes in the past few decades.
In the 1990s, 24 large corporates in the sector in the North contributed to three-fourths of the total tea production
but at least five of these players are now out of the plantation or have a negligible presence in the market.
The biggest player in the sector, McLeod Russel, is now in bankruptcy court. The decline in tea as an export earner
rise of small growers, flat tea prices, and increase in wages and costs are some of the challenges facing the industry.
Despite these challenges, some buyers are acquiring estates, and the industry remains an attractive investment option for some.