While India is the leading market for retail volume sales globally, Turkey takes the lead when it comes to per capita consumption. According to a research by market intelligence agency Mintel, India was the world’s largest packaged tea market in 2017, consuming a total volume of 678,200 tonnes worth of packaged[Read More…]
India
Industry responds to Indian Union Budget 2018
The Union Budget 2017-18 is on expected lines and is focused on improving the quality of life in Rural India. “Bharat, or Rural India, has been the key focus of Finance Minister Mr. Arun Jaitley’s Union Budget for 2018-19. It presses all the right buttons and ticks all the right[Read More…]
Keventer Agro plans expansion in north east India
Plans are also afoot to diversify its product basket by having value-added offerings like curd and yoghurt. Kolkata-based Keventer Agro Ltd, a group outfit of the Rs. 1,800-crore Keventer Group, looks to expand its dairy business by entering the north-eastern markets and strengthening its footprint in West Bengal. Plans are[Read More…]
Scientists use bacteria for fortifying food with riboflavin
Lactobacilli is an ideal candidate for riboflavin-fortification of foods. Although found in various foods like eggs, green vegetables, milk and meat, there are numerous cases of riboflavin or vitamin B2 deficiency occurring on a regular basis. To help solve this, scientists have been looking for ways to supplement the intake[Read More…]
IKEA ensures vegetarian options in the Indian menu
IKEA is preparing to open its first store in Hyderabad next spring with a shopping area spread over 400,000 sq ft. The world’s biggest furniture retailer IKEA is also a top restaurateur, and its characteristically Swedish menu helps sustain the stamina of shoppers at the giant DIY stores. The retailing[Read More…]
Everstone Group ropes in Ajay Kaul as senior director
At Everstone, he will oversee QSR investments of F&B Asia that owns and operates several marquee brands such as Burger King (India and Indonesia), and Domino’s (Indonesia). Food and beverage (F&B) industry veteran Ajay Kaul has joined Everstone Group as Senior Director to support growth in the Quick Service Restaurant[Read More…]
Coca-Cola to invest $1.7b in Indian Agri Ecosystem
The Coca-Cola Company, its bottling partners and its fruit suppliers and processors in India, will contribute $1.7 billion and more in the agri ecosystem of the country over the next 5 years The Coca-Cola Company, its bottling partners and its fruit suppliers and processors in India, will contribute $1.7 billion[Read More…]
Hindustan Coca-Cola Beverages’ appoints Nair as executive director, HR
Nair, a veteran with over 20 years’ experience in HR, joins Hindustan Coca-Cola from Cisco Systems, where she worked for over eight years. Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), one of India’s largest fast-moving consumer goods (FMCG) companies, has appointed Seema Nair as executive director, human resources (HR). She has[Read More…]
CSIR-CFTRI to encourage food processing start-ups
This programme, which has been designed to address both technology and entrepreneurship to enable successful ventures in the field of food processing, is open for aspiring and early-stage entrepreneurs. To encourage and promote start-ups in the food processing sector, CSIR-Central Food Technological Research Institute (CFTRI), Mysuru, in association with Kautilya[Read More…]
Amul to invest nearly $390m in expanding capabilities
The company currently sources 20 million litres of milk a day but will need to increase this by 13-14% in order to achieve the growth target. India’s Gujarat Co-operative Milk Marketing Federation (GCMMF) plans to invest the equivalent of almost $390 million over the next three years to expand the[Read More…]
