The Centre should change its policy to save the crisis-hit cashew sector, Kerala State Cashew Development Corporation (KSCDC) chairman S. Jayamohan said here on Friday.
He was inaugurating a seminar organised by the Federation of Cashew Processors and Exporters in connection with the Navakerala Sadas. Though it was later reduced due to persistent protests, the main reason for the collapse of the sector was the import duty on raw nuts imposed by the Centre.
“The policy was introduced to exclude small and medium processors, who are now struggling with huge bank liabilities. The import duty on cashew should be completely waived and steps should be taken to ensure the availability of the raw material to keep the industry afloat,” he said.
