Source: The Economic Times, May 09, 2012
NEW DELHI: Jubilant FoodWorks, the Indian distributor of Domino’s Pizza, on Tuesday opened American doughnut brand Dunkin’ Donuts first store in India, and plans to invest around Rs 12 crore to roll out 10 stores this fiscal. Read the rest of this entry »
Source: The Economic Times, May 07, 2012
MUMBAI: Tata Global Beverages, which makes Tata Tea and Tetley Tea, today said it has entered in a multi-year partnership with Green Mountain Coffee Roasters Inc (GMCR), a leader in speciality coffee and coffee makers to distribute and sell Eight O’Clock coffee, Tetley tea and Good Earth tea in GMCR’s Keurig K-Cup and Vue packs.
“Eight O’Clock Coffee company and GMCR plan to make a select offering of Eight O’Clock coffee K-Cup packs available through in-home and away-from-home channels in US and Canada in 2012,” Tata Global Beverages and GMCR said in a joint statement.
Source: The Hindu Business Line, Apr 29, 2012
New Delhi: Indian packaged food industry is likely to double to $30 billion by 2015 on the back of arrival of multinationals in the sector and modern retail trade, industry body Assocham said today.
At present, the market size of the sector stands at $15 billion.
The main categories of packaged food are bakery products, canned/dried processed food, processed dairy products, frozen ready-to-eat foods, diet snacks, processed meat and pro-biotic drinks.
“Growing at a CAGR of about 15 to 20 per cent annually, Indian packaged food industry is likely to touch $30 billion by 2015,” it said.
Some key players in this industry are Hindustan Unilever, Nestle, PepsiCo and Haldiram.
“Strong desire among consumers to maintain a healthy lifestyle is driving the functional foods and beverages market,” the chamber said.
Source: The Economic Times, Apr 28, 2012
BANGALORE | KOLKATA: Water is now more than just a thirst quencher, and dairy drink’s more than flavoured milk. They can now rejuvenate you and boost your performance in the form of energy drinks, vitamin water, fortified milk and yogurt, and enhanced iced tea, among others.
A slew of companies, including Groupe Danone, Dabur, PepsiCo, Coca-Cola, Amul, Britannia and Rasna, are betting on such functional beverages to woo the young, health-conscious Indian consumer.
Source: The Hindu Business Line, Apr 25, 2012
Hyderabad: The Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), owners of Amul brand of milk and dairy products, is speeding up its Rs 3,000-crore expansion plans that involve setting up of nine new processing units in the next four years.
It is also expanding its footprint across the country for both procurement of milk and marketing of Amul brand of milk and milk products.
Source: The Hindu Business Line, Apr 25, 2012
Mumbai: The CEOs of the several food processing and FMCG firms have demanded a 100 per cent tax holiday for food processing units. They pointed out that the sector is poised to be the growth driver of the country’s economy.
Source: Business standard, Apr 25, 2012
New Delhi: Food inflation in March stood at a five-month high of 9.94 per cent. And, food prices are unlikely to decline in the next six months, due to factors ranging from increasing demand to production shortfall, especially of vegetables.
Experts said onion prices, which are seeing deflation, are also headed to high-inflation territory in the coming months. Wholesale price-based food inflation stood at 6.07 per cent in February. It had seen deflation a month earlier.
Source: Business standard, Apr 24, 2012
New Delhi: The government’s foodgrain storage woes have turned more acute, with foodgrain production for 2011-12 estimated at an all-time high of 252.56 million tonnes, almost 3.1 per cent more than that the previous year’s production. This may help provide a minor boost to India’s economic growth in the previous financial year, estimated at 6.9 per cent.
While releasing the third advanced estimates of agricultural production in 2011-12, Agriculture Minister Sharad Pawar said storing such huge quantities of grain was a concern. “The overall foodgrain production is good. The only problem is storage,” Pawar told reporters, adding the issue was being addressed by the food ministry.
Source: Business standard, Apr 23, 2012
New Delhi/Lucknow: Taking forward its agenda of promoting Lucknow as a major industrial hub, Uttar Pradesh has planned a Mega Food Park spread over 100 acres in the state capital.
The land is available with the government and the project cost is estimated at over Rs 150 crore.
Source: The Economic Times, Apr 18, 2012
BANGALORE: High prices took the froth out of the Indian Spirits Industry last fiscal. The beer market, which was guzzling growth of 13% in recent years, inched up just 3-4% in the year ended March, its slowest growth in eight years.
Liquor marketers too were sobered by steep taxation in several key markets that tempered growth to 8% in 2011-12, the first time it slipped into single-digit growth in decades.
