Centre to set up more cold storages for storing perishable food

Source: Business Standard, Nov 09, 2017

Kochi: The Centre was working to set up more cold storages in the country as wastages were high due to lack of such infrastructure, Union Minister C R Choudhary said here today.

The country needed more cold storages for preserving vegetables, fruits and other perishable food items, the union minister of state for consumer affairs, food and public distribution said here after inaugurating the Central Warehousing Corporation’s regional office cum storage complex.

Only 10 per cent vegetables and fruits could be processed at present due to lack of cold storages, he said.

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Belgian beer brands Chimay and Delirium to enter India

Source: LiveMint.com, Nov 08, 2017

New Delhi: It’s brewed by monks within the walls of an abbey and profits from it go to charity. Now, Belgium’s Chimay, one of only 11 so-called Trappist beers in the world, will be available in India.

Chimay is entering the Indian market at a time the Belgian royal couple King Philippe and Queen Mathilde are in India to mark 70 years of diplomatic relations between the two countries.

Along with Chimay, Belgian beer Delirium, with its famous pink elephant logo, is also entering the Indian market. India will be the 60th market for Chimay and Delirium—two of the finest makers of ales in the world.

Both Chimay and Delirium will be imported, distributed and marketed in India by New Delhi-based Hema Connoisseur Collections Pvt. Ltd, an importer and distributor of some of top international liquor brands. Read the rest of this entry »

Hershey plans to turn India into export hub

Source: Business Standard, Nov 06, 2017

New Delhi: Global chocolate major Hershey is considering turning India into an export hub.

The company, which has recently urged Prime Minister Narendra Modi to ease export-import norms, plans to use the huge market as a testing ground for its newer products. India can be turned into an incubation hub for Hershey products once barriers are removed, said Steven Schiller, president international, Hershey global.

“During the round table meeting with Prime Minister Narendra Modi, I mentioned about two areas that requires focus. And they are about simplifying import and export barriers and tariffs here. India is a huge market and we want to build infrastructure here. But that’s a very expensive proposition. Despite the fact, that India has potential to be turned into an export hub. Also, we would like to bring our global products here and test them and then take them to other markets,” he said. Read the rest of this entry »

$11 billion investment committed during World Food India: Harsimrat Kaur Badal

indexSource: LiveMint.com, Nov 05, 2017

New Delhi: Food processing minister Harsimrat Kaur Badal on Sunday said $11.25 billion investments were committed in the country’s food processing sector during the World Food India event, and with government funds put together, the total investments signed have reached $18.84 billion.

Badal announced that a dedicated cell has been put in place to ensure each of the 50 memoranda of understandings (MoUs) signed materialise on the ground level and help boost food processing levels from the current 10%.

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ITC to invest Rs 10k cr to set up food processing units

indexSource: The Economic Times, Nov 03, 2017

The company had earlier announced investment of Rs 25,000 crore to enhance physical infrastructure and manufacturing capabilities.Diversified conglomerate ITC today said it plans to invest Rs 10,000 crore to set up food processing facilities across the country.

The Kolkata-based company is looking to have around 20 such units pan India.

“I am happy to say we are going to invest over Rs 10,000 crore in setting up food processing facilities on a pan India basis,” ITC CEO Sanjiv Puri said here.

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FSSAI all set to launch ‘One Nation, One Food Law’

download.pngSource: The Hindu Business Line, Nov 01, 2017

New Delhi: In a bid to bring in consistency in enforcing food safety regulations and standards across States, the Food Safety and Standards Authority of India (FSSAI) is set to launch its ‘One Nation One Food Law’ initiative. The regulator is leveraging technology for uniform implementation of norms for testing and sampling by various States and labs.

“We want to ensure that investors and food businesses have a consistent positive experience across States while dealing with the regulatory environment,” Pawan Agarwal, CEO, FSSAI, told BusinessLine.

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Investment in food processing to surpass Rs 65,000 crore: Badal

Source: Business Standard, Nov 01, 2017

New Delhi: Already Rs 65,000 crore private investment has been committed in the food processing sector and more is expected during the mega global food event to begin from November 3, the government said today.

Of the total, more than 40 per cent of the investment has been committed by domestic players like ITC, it said, adding that this would create more than 10 lakh jobs in the country.

“Huge investment has been committed in the food processing sector because of transformation measures taken in the last three years and improvement in the ease of doing business,” Food Processing Minister Harsimrat Kaur Badal told reporters.

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