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Tea tourism next stop for Tata

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Tata Tea is developing tea tourism in its estates of Assam and West Bengal. The initiative will be routed through Amalgamated Plantations Pvt. Ltd (APPL), the new entity formed by Tata Tea to transfer the assets of its North Indian Plantation Operations (NIPO). Tata Tea has 20 estates in Assam and 4 in Dooars, West Bengal.

APPL will have a paid-up capital of Rs 175 crore. The Tata group will hold 33-35 per cent stake, while International Finance Corporation (IFC) and Infrastructure Leasing & Finance Services (ILFS) will hold 29 per cent stakes each. Another 12 per cent will be held by Globally Managed Services, with the balance 13-15 per cent to be collectively held by the 26,000-odd workers of Tata Tea.

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