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Goodricke eyes acquisitions in Assam

Company's 8 tea gardens in Darjeeling have been closed since early June due to Gorkhaland protest

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Around 80% of the population in Darjeeling depends largely on the business of tea and tourism. The two sectors make up for more than 90% of the region’s earnings

Avishek Rakshit Kolkata

Last Updated : Aug 16 2017 | 3:11 AM IST

Goodricke Group is planning to expand its business in Assam through acquisition of tea gardens, in a move that will help the company “balance” its orthodox and CTC (crush, tear, curl) tea production and reduce its dependence on West Bengal.

The company’s all eight tea gardens in Darjeeling have been closed since early June because of the Gorkhaland agitation, and the resultant financial impact on the firm has been to the tune of Rs 20 crore. Last year, operations in some of its gardens in Dooars in West Bengal were affected due to labour unrest and low uptake. In

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