Congratulating Andrew Yule & Co. Ltd. (AYCL) that has achieved its highest-ever growth trajectory, with tea exports up by 431% over the previous year’s exports, Dr Mahendra Nath Pandey, Union Minister of Heavy Industries said that this achievement is a testament to AYCL’s commitment to quality and innovation in the tea industry.
Dr. Pandey added that the growth trajectory of AYCL is a testament to the potential of this industry. It highlights the importance of innovation and adaptability in a constantly evolving industry. He said AYCL’s achievement also aligns with Prime Minister Narendra Modi’s vision of strengthening India’s position as a major player in the global market.
Also, it helps us achieve the vision of the Prime Minister, who says that we need to accomplish the ‘Local’ to ‘Global’ initiative. The government has been actively providing various schemes and incentives to promote foreign exports.
With AYCL’s success, he said, it is clear that the tea industry has immense potential for growth and expansion, both domestically and internationally, he said. He also emphasized the importance of the tea industry in India.
With its vast tea plantations and remote hilly areas, the industry provides employment opportunities to many people. As AYCL continues to grow, it will undoubtedly contribute further to the Indian economy and provide more employment opportunities for people living in remote areas.
AYCL produces high-quality orthodox and CTC teas, including specialty teas like moon drop, silver needle, and oolong. These teas have been exported to countries like the UK, UAE, and Poland, contributing to the company’s record-breaking exports during the financial year 2022–23.
