The demand for spices and spice extracts is booming globally. The demand for a variety of traditional cuisines of different cultures and ethnic groups is driving the demand for various spices and spice extracts. The revenues from India market are expected to expand to around USD $18 billion in FY' 2020.
SREE PLC desires to capitalize on this demand for different cancer fighting spices like Garlic, Ginger,Turmeric, Chili & Cinnamon and is cultivating 1,500 hectares in Luanshya in Phase 1 with expected yields in 2017. In Phase 2, SREE PLC plans to extend further to premium spices like saffron, vanilla, cardamom, pepper and cloves.