Assam is well known in the World for it’s unique “Assam Tea“. Assam has the largest concentration of tea plantations in the world and the single biggest tea producing area. It accounts for nearly 55% of India’s total tea production and about 80% of the country’s export. The tea industry is so far the biggest industry in the state of Assam. With the plantation occupying large areas of land and yet had little contribution to the development of the area and economic progress. Regional aspirations made it imperative that the tea industry play a pivot role in the state’s economy and that local entrepreneurs get a slice of the tea trade.
From 1960s efforts were on way for establishment of the Tea Auction Centre in Guwahati. A group of Assam based planters were determined that despite all constraints an Auction Centre must be set up and worked steadfastly towards that objective. Their perseverance had borne fruit and that the Guwahati Tea Auction Centre had become a reality.
The first meeting of the Guwahati Tea Auction Committee was held at Shillong, the then capital of Assam, on august 29, 1970 under the chairmanship of Late Dharmendra Das. A draft of the GTAC rules was approved with a few amendments and date of the inaugural sale was finally decided as September 25, 1970.
The first lot of tea in Guwahati Tea Auction Center was auctioned at a price of Rs 42.50 per Kg and knocked down the hammer to a local trader from Jorhat, Late Jaffar Ali of Diamond Tea Co. Thereafter, the auction was conducted according to the sale order.
The present day Guwahati Tea Auction Center is located at a location on G S Road next to Dispur Capital Complex. With 20,000 sq ft of auctioning space, it has all the international standard facilities. There is one 460 seat fully air-conditioned Leaf Auction Hall and one 110 seat fully air-conditioned Dust Auction Hall. Guwahati Tea Auction Center also has 12,00,000 sq ft of permanent tea warehousing space dedicated to storage of auction teas with associated road transportation carriers represented by major transport companies.