Kochi: The Government plans to start electronic auction of spices by July as part of its efforts to make India a global hub for processing and marketing spices, the Spices Board has said.
By June-July this year, electronic auctions will begin. To start with, it would commence at Bodinaickanur in Tamil Nadu, Spices Board Chairman V.J. Kurien told a press meet here on 16 May.
In world spices trade, 44% was controlled by India and in value terms it worked out to 35%, he said.
Efforts are on to make India a spices processing hub by 2012, Kurien added.
There were plans to start spices parks at 10 places in the country, including Idukki in Kerala, Guntur in Andhra Pradesh and in Madhya Pradesh, he said.
The board is also planning to come up with a “Vision Document” within three to four months. Discussions in this regard are on with Spices exporters, Kurien said.
The World Spices Congress, being held every two years, would be held at Goa from 28-30 January, he added.