India to Double Turmeric Production to 20 Lakh Tonnes in Five Years, Says Piyush Goyal
Team Finance Saathi
15/Jan/2025

What's covered under the Article:
- Union Minister Piyush Goyal announces plans to double India’s turmeric production to 20 lakh tonnes in five years.
- India leads global turmeric production, contributing 70% of the world’s supply.
- The National Turmeric Board aims to promote research, development, and value-added products to enhance exports.
On January 15, 2025, Union Minister of Commerce and Industry Mr. Piyush Goyal unveiled the National Turmeric Board, signaling the government’s ambitious plan to double India’s turmeric production within the next five years. The goal is to ramp up production to 2 million tonnes (20,00,000 tonnes), positioning India as an even stronger player in the global turmeric market.
India’s Dominance in the Global Turmeric Market
India is already the world's largest producer of turmeric, accounting for 70% of the global supply. With over 30 varieties cultivated across 20 states, India has solidified its place as the largest producer, consumer, and exporter of turmeric. In the 2022-23 period, India cultivated turmeric across 3,24,000 hectares, producing 1,161,000 tonnes. Despite these impressive figures, the government is committed to further boosting production and exports, with a target of increasing exports to Rs. 8,657 crore (US$ 1 billion) by 2030.
National Turmeric Board’s Key Focus Areas
The newly inaugurated National Turmeric Board will focus on several strategic initiatives to achieve these ambitious targets. Key to its mission will be research and development, which will help in the improvement of turmeric farming practices, enhancing yield, and developing value-added turmeric products. Additionally, the board plans to leverage India’s traditional knowledge and modern agriculture technologies to enhance the quality and variety of turmeric, ensuring India’s continued global dominance.
The board's initiatives will include promoting value-added turmeric products that can be sold in international markets, such as turmeric-based health supplements, oils, and cosmetics. With these products, India seeks to capture a larger share of the lucrative global health and wellness market, while also preserving its traditional methods of turmeric cultivation.
Strengthening India’s Agricultural Economy
The establishment of the National Turmeric Board is a step toward streamlining the turmeric sector and providing support to farmers who rely heavily on turmeric cultivation. Palle Ganga Reddy has been appointed as the first chairperson of the board, with its headquarters located in Nizamabad, Telangana – a major turmeric-producing region in India.
Representatives from key ministries and turmeric-producing states will be part of the board, ensuring that the initiatives are well-integrated into national agricultural policies. The focus will be on enhancing market access, boosting exports, and improving farmer incomes by implementing innovative practices and making the turmeric industry more sustainable and profitable for all stakeholders involved.
The Road Ahead
India’s commitment to boosting turmeric production and exports aligns with the country’s broader goal of enhancing agricultural self-sufficiency and economic resilience. The success of the National Turmeric Board will not only strengthen India’s position in the global market but also contribute significantly to rural economies, providing employment and economic opportunities for farmers and exporters alike.
In conclusion, the future of India’s turmeric industry looks bright, with the government’s strategic efforts aimed at increasing production, expanding exports, and supporting farmers. The National Turmeric Board is set to play a pivotal role in making India’s turmeric sector more innovative and globally competitive.
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