Major Indian Tea Producers Selling Estates to Focus on Brands
Some of India's top tea firms are spinning off their tea plantations to focus on their brands in a bid to boost profits. India which is one of the worlds top tea producers has been nagged by falling prices, labor troubles and competition from its main rivals, and relatively new producers including Vietnam. India's two top tea conglomerates are planning to revitalize brands such as Tetley, Lipton and Brooke Bond sold within India. Tata Tea Ltd., the world's second largest tea enterprise, has already off numerous factories and 7,000 hectares of gardens into separate wholly-owned entities.