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GTAC celebrates 50 years of tea trading

GTAC celebrates 50 years of tea trading
outlookindia.com
1970-01-01T05:30:00+0530
Guwahati, Sep 25 (PTI) The Guwahati Tea Auction Centre

(GTAC) on Friday celebrated golden jubilee anniversary of its

operations to market the commodity across the world.

The first auction at the GTAC was held on September 25

in 1970, an official said.

"Today, we mark a golden day in the history of the

Assam tea industry as the auction centre here completes 50

years of trading," Guwahati Tea Auction Buyers'' Association

Secretary Dinesh Bihani said.

The GTAC had sold 9.1 million kg of tea at an average

price of Rs 5.68 per kg in the first year of its operations,

while 204 million kg was auctioned during the 2019-20 fiscal

at a mean price of Rs 139.63 per kg, he said.

Though the auction centre started its journey in 1970,

efforts were on to establish such a unit in the city since the

1960s.

"Despite all the constraints, a group of tea

planters in Assam were determined to set up an auction centre

here and worked hard to realise their dreams. Now the Guwahati

Tea Auction Centre has its own building and world-class

infrastructure," Bihani said.

After receiving huge demand from the local tea

planters to open an auction centre in Guwahati, the Assam

government decided to open such unit on August 11, 1970, and

appointed former chief secretary Dharmanda Das as the first

chairman of its committee, he said.

"On opening day, the first lot of the commodity

produced by Haroocharai tea estate was bought by Jafar Ali,

proprietor of Diamond Tea Company in Jorhat in upper Assam,"

Bihani said.

Recalling its operations in earlier days, he said the

GTAC used to organise auction at a guest house of the Nehru

stadium here, but now it has two separate halls to facilitate

buying and selling of tea.

The GTAC became the first auction centre in the

country to sell tea globally and introduced a digital payment

settlement system, he said.

"Now we are the second-largest CTC auction centre in

the world," he added. PTI ESB

BDC BDC


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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