Nearly 2 lakh cut flowers are auctioned every day in Bengaluru
Have you wondered how Bengaluru is able to host the Lalbagh and Cubbon Park flower exhibitions with lakhs of fresh flowers being made accessible effortlessly?
The city is the base for an auction of nearly 2 lakh cut flowers every day amounting to an average turnover of Rs. 8 lakh.
The figure could be four times higher during special occasions such as Valentine’s Day.
The auctions started off as an unorganised activity involving a few growers and buyers before evolving into International Flower Auction Bangalore Limited (IFAB), a joint venture company, in 2002. IFAB created a platform for growers and buyers while eliminating middlemen and auctions high quality cut flowers daily...............Read more
Source: The Hindu