The National Turmeric Board will help develop new markets internationally to promote exports and double production to about 20 lakh tonnes in the next five years, Commerce and Industry Minister Piyush Goyal said on Tuesday.Inaugurating the Board, he also said that it would promote research and development into new products and develop on the country's traditional knowledge for value-added turmeric products."Turmeric is also called as golden spice. India accounts for 70 per cent of global turmeric production... We are looking to double the production to 20 lakh tonnes in five years," he told reporters here.The government in October notified the constitution of the National Turmeric Board.India is the largest producer, consumer and exporter of turmeric in the world.In the year 2022-23, an area of 3.24 lakh hectares was under turmeric cultivation in India with a production of 11.61 lakh tonnes.More than 30 varieties of turmeric are grown in India and it is grown in over 20 states in the country.The largest producing states of turmeric are Maharashtra, Telangana, Karnataka and Tamil Nadu.India has more than 62 per cent share of world trade in turmeric.During 2022-23, 1.534 lakh tonnes of turmeric and turmeric products valued at USD 207.45 million were exported by more than 380 exporters.The leading export markets for Indian turmeric are Bangladesh, UAE, the US and Malaysia.With the focused activities of the Board, it is expected that turmeric exports will reach USD 1 billion by 2030, according to the Commerce Ministry.India is the largest producer, consumer and exporter of turmeric in the world.During 2023-24, 1.62 lakh tonnes of turmeric and turmeric products valued at USD 226.5 million were exported.
