India opens tea business to world

18 July 2000



India opens tea business to world

INDIA is lifting restrictions on the ownership of tea companies, reports the Financial Times.

This comes after the government was convinced that the denial of foreign direct investment could make India a net tea importer in the long run.

It is to allow 100% automatic ownership of tea companies.

• High prices lift Indias tea earnings, FWi, 05 January, 1999
• Indian tea producers struggle, FWi, 26 October, 1998
  
• Financial Times 18/07/2000