Steps are taken to revive Seychelles' cinnamon industry

Published 2022년 4월 12일

Tridge summary

Eighteen businesses have expressed interest in investing in Seychelles' cinnamon industry, a key part of the government's plan to diversify the economy and reduce reliance on tourism. The industry was previously a major contributor to the economy but declined in the 1980s. The government's goal is to increase local production for exportation and reduce importation. In addition to cinnamon, the government is also exploring the potential of other agricultural products and spices such as vanilla, saffron, coconut, and honey.

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Original content

Eighteen businesses have shown interest in investing in the cinnamon industry in Seychelles, which is part of the government's plan to diversify the economy, said a top official on Tuesday. Investment, Entrepreneurship and Industry Minister Devika Vidot made the statement in response to a question from the elected member of the National Assembly for the central English River district, Andy Labonte. Labonte asked if any individuals have shown interest to enter the cinnamon industry after the government had announced its intention to revive the industry. "Before the government announced its intentions to support the return of the cinnamon industry in Seychelles, only two people had shown interest in it. However, now 18 businesses have come forward with an interest to delve into this industry," said Vidot. She said that among them are some who want to harvest cinnamon, while others intend to produce value-added products using the popular spice. Seychelles has a long history with ...

Source: All Africa