Union Minister for Commerce and Industry Shri Piyush Goyal launches National Turmeric Board

Recently, the National Turmeric Board was inaugurated on January 14, 2025, by the Union Minister for Commerce and Industry Shri Piyush Goyal in New Delhi making a new stride forward for India’s turmeric business. The occasion was marked on an appropriate day with the people celebrating the event all over the country. Shri Goyal also announced the first Chairperson of the Board Shri Palle Ganga Reddy and the central office located in Nizamabad which is identified as a nucleus area of turmeric production in India.

Key Highlights of the National Turmeric Board:

• Farmer Welfare & Increased Production:

  • The Board is concerned with the welfare of the turmeric growers, especially farmers in the large productive states of Andhra Pradesh, Telangana, Maharashtra, and Tamil Nadu.

  • The aim is to improve the yield and production of turmeric to improve farmer's income across the country.

• Promotion of Research & Development:

  • The Board will dedicate efforts to increase investment in research and innovation in turmeric product formulation, value addition, and exploring area markets.

• Quality & Safety Standards:

  • Protecting the interest in products that have localization by having high-quality standards of domestic manufactured products as well as those products that are exported to other countries to enhance the image of India on the international market.

• Boosting Export Potential:

  • India, the largest producer and exporter of turmeric globally, will shift its strategy to increase exports which will benefit from demand from other countries for health and wellness products that include turmeric.

• Collaboration with Ministries:

  • The Board will be composed of the representatives of the AYUSH, Agriculture, Commerce, and Pharmaceutical ministries as well as the leading turmeric-producing states for inclusive growth and development.

The Vision of the National Turmeric Board:

The National Turmeric Board initiatives to provide the policy direction for the public and subsequent stakeholders to build up the Turmeric sector and promote the international market opportunity. Exploiting curcumin’s health-giving properties that are being incorporated into more goods and services for well-being and medicinal purposes, India wants to deepen its dominance in the turmeric market.

India’s Dominance in Production and Global Share

• India produces turmeric across 3.05 lakh hectares with a total output of 10.74 lakh tonnes in 2023-24.

• India holds a dominant position in global market by attaining 62% of global turmeric trade.

• India has been cultivating more than 30 different varieties of turmeric, which contributes to a significant share in the global market

Conclusion

Setting up the Board is a big help for turmeric farmers. It will help them grow better crops, make higher quality turmeric, and sell more to other countries as people around the world want more of this "Golden Spice." By coming up with new ideas and making new products, India can stay on top of the world turmeric market. This will help farmers make more money for a long time to come.