Goodricke to go for Rainforest certificate for Dooars tea

Goodricke Group, a part of the UK-based Camellia Group Plc which holds 74 per cent stake, would go for Rainforest Alliance certificate for its Dooars tea, an official of the company said.

"We have got Rainforest Alliance certificate for the Darjeeling and Assam produce. Now that we have started exporting Dooars tea also, the company would also go for a similar certificate", MD and CEO of Goodricke A N Singh told shareholders at the 38th AGM here today.

He said that the Rainforest certificate would help in exports to countries particularly in Europe.

Goodricke, which has reserves of Rs 180 crore, was also looking at buying gardens.

"We are interested in buying gardens. Today, ridiculous prices are being charged for buying out gardens. We will wait for the appropriate moment for a buy-out," he said.

He also said the company was also setting up a green tea plant in Dooars.

Singh said the company had recorded foreign exchange gains due to weakening of the rupee.

Goodricke had put 80 per cent of its cultivable area under irrigation and water bodies were being created to fight the evils of climate change.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture