Purposes of the Board

The purposes of the Board shall be– (a) to promote, foster and encourage the development of the banana industry and the (b) to promote the interests and efficiency of the banana industry by regulating and controlling production, marketing and exporting of (c) to engage in the production of bananas alone or in association with others; (d) to purchase, sell or export bananas alone or in association with others; (e) to supply finance alone or in association with others for the development of the banana industry; (f) to borrow money for the purposes of fulfilling its functions; (g) to acquire, develop, improve land alone or in association with others for production of 8 (h) with the sanction of the Minister, to engage in any other activities not specified herein which are conducive to the development of the banana industry.