INDIA AND SPICES India produces 2.5 million tones to 3 million tones of spices annually. India produces spices of different categories worth around US$ 3 billion. In terms of volume and value, India accounted for 46 percent and 23 percent in value of global spice trade. (Source: Spices Board India) India accounts for 25-30 per cent of world’s pepper production, 35 per cent of ginger and about 90 per cent of turmeric production. Among the Indian Federal states, Kerala tops in pepper (96 percent), Cardamom (53 percent), Ginger (25 per cent) production in the country. Andhra Pradesh leads in Chilly and Turmeric production in the country with 49 per cent and 57 per cent. In coriander, cumin and fenugreek production in the country, Rajasthan emerges as the largest producer with 63 per cent, 56 per cent and 87 per cent. The world spice trade is estimated at US$ 1.5-2 billion in terms of value and 500,000tonnes in terms of quantity The spices market in India showcased a tremendous 10.0% CAGR in terms of value and a 3.7% CAGR in terms of volume over the period FY’2007-FY’2013. Favorable changes in the consumer preferences including switching of demand from straight spices to spice mixes and unbranded to branded spices has augmented the industry revenues as both spice mixes and branded spices entail greater profit margins as compared to straight and unbranded spices. Increasing urbanization paired with rise in number of working women has reduced the time of cooking spent by the home makers in the kitchen. According to the research report “India Spices Market Outlook to FY’2018: Spice Mixes and Branded Spices to Augment Industry Revenues” by Ken Research, the spices market would grow at a considerable CAGR rate thus exceeding over USD 16,600 million by FY2018 due to the major push from spice mixes and branded spices segment in India CURRENT SCENARIO Within the past one decade, the international trade in spices has grown by leaps and bounds. As estimated 500.000 tone of spice and herbs values 1500 million US dollars are now imported globally every year. An impressive 46% of this supply comes from India. India’s exports and