Tea Board wants better e-auction system, but won't lead overhaul process

Instead, it wants stakeholders in tea industry to lead e-auction modernisation drive and evolve requisite software and platform

The Tea Board of India is working towards reforming the e-auction system it introduced 11 years ago but wants to minimally intervene in this process.

The Board wants various stakeholders in the industry to lead the e-auction modernisation drive and come up with the requisite software and platform, which is expected to better price realisations.

“The Tea Board would like to have the best system in the world but it will intervene minimally in the process,” Arun Kumar Ray, deputy chairman of the Tea Board, said during the annual general meeting