Goodricke plans to acquire tea gardens in Assam

[Tea Plantation Workers - Related News]

Goodricke Group BSE 0.25% plans to spend Rs 40 crore to acquire tea estates in Assam that can produce a million kg of tea annually. "Prices of tea have dropped as the availability is more in the market. This is the right time to acquire gardens in Assam as prices of tea estates will not be too high," said Arun Narain Singh, managing director at the West Bengal-based tea producer.