Shifting from Agriculture to Agribusiness: The Case of Aromatic Plants
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This study has examined the agribusiness opportunities in medicinal and
aromatic plants (MAPs), based on the field level information from the
state of Uttarakhand. The financial feasibility of important aromatic plants
has been studied. It has been found that the returns are substantially
higher from these crops than the most profitable commercial crops like
sugarcane. The study has identified the constraints that affect the spread
of cultivation of MAPs; these include inadequate processing capacities,
price risks and non-availability of planting material. It has been suggested
that concerted efforts should be made to address these constraints and
increase access to the world market.