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.
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In the 1990s, 24 large corporates in the sector in the North contributed to three-fourths of the total tea production
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but at least five of these players are now out of the plantation or have a negligible presence in the market.
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The biggest player in the sector, McLeod Russel, is now in bankruptcy court. The decline in tea as an export earner
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rise of small growers, flat tea prices, and increase in wages and costs are some of the challenges facing the industry.
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Despite these challenges, some buyers are acquiring estates, and the industry remains an attractive investment option for some.