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MoU between Spices Board India and UNDP India

  • IASbaba
  • April 6, 2021
  • 0
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MoU between Spices Board India and UNDP India

Part of: GS Prelims and GS – III – Economy; Supply chains

In news

  • Spices Board India and UNDP India’s Accelerator Lab signed a MoU.
  • Aim: To build a blockchain based traceability interface for Indian spices to enhance transparency in supply chain and trade.
  • It will start with over 3,000 farmers engaged in chilli and turmeric farming in select Districts of Andhra Pradesh.
  • Blockchain is a decentralized process of recording transactions on an open and shared electronic ledger. 
  • This allows for ease and transparency in data management across a complex network, including, farmers, brokers, distributors, retailers and consumers, thus simplifying the supply chain.

Do you know?

  • Spices Board is one of the five Commodity Boards functioning under the Ministry of Commerce & Industry.
  • It is an autonomous body. 
  • It is responsible for the export promotion of the 52 scheduled spices and development of Cardamom (Small & Large).

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