India Business Guide
- Term: First ClassWhile First Class can refer to the kind of accommodation when you travel on a train or an international flight, or to a person graduating with high grades from their class, the term is used much more widely as an adjective to refer to excellence. "He is a first class brother in law to me." Or "The Biryani at this new restaurant is first class."All Dictionary Terms
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Tea Products in India
Tea Products in India: The tea industry has had a long history in India. In 1834, Lord William Bentick (1774-1839) submitted a memorandum to the East India Company’s Council of Directors regarding the potential for establishing a tea industry in India. In 1838, tea from India was first exported from state of Assm to the United Kingdom.
today, India is one of the world’s leading producers of tea. In 2008, it held 26 percent of the international tea market share, contributing 12 percent to total global tea exports.
Between 2002 and 2008, Indian tea exports had a growth rate of 7 percent. Exports are largely in the form of bulk tea, which accounted for 88 percent of total exports during 2007-08. The export of tea bags witnessed a large growth rate of 15 percent between the period of 2003-2008.