Yogi govt clears decks for Patanjali’s Food Park after pull-out threat

download (1)Source: Business Standard, Jun 20, 2018

Lucknow: The Uttar Pradesh (UP) government approved on Tuesday a proposal for the Patanjali Group of Baba Ramdev to set up a food processing park at Greater Noida.

The state Cabinet allowed a transfer of land between two of Patanjali’s subsidiaries for this. The estimated investment is a little over Rs 20 billion. The proposed facility would be entitled to various incentives under central and state policies.

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India’s online food aggregators are taking lessons from China

Source: ETRetail.com, Apr 13, 2018

India’s resurgent food-technology sector is having no respite even after its massive cleanup last year that helped it draw investors back in and garner massive amounts of capital.

Much of this was pocketed by leading food aggregators Zomato and Swiggy even as the country’s largest ride-hailing platform Ola drove into the sector with an acquisition lifeline to Foodpanda.

With the rules for the food-delivery business now cast in stone, the all-important metric for aggregators to achieve remains order volumes.

And as food-delivery startups try every trick in the book to increase the number of orders, the strategy that has emerged front and centre for them is the cloudkitchen model.

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Ramdev’s Patanjali expanding in mega food parks biz, bags biggest contract

download (4)Source: Business Standard, Apr 12, 2018

Ramdev’s Patanjali group is – slowly, but surely – expanding its footprint in the processed food sector across India, suggests information obtained by Business Standard under the Right to Information (RTI) Act.

On January 15, 2018, the Modi government gave an in-principle approval to Patanjali Food & Herbal Park Noida Private Limited for setting up a Mega Food Park in Gautam Buddh Nagar (Noida). The cost of the envisaged Noida project is Rs 2.6 billion – the highest for any individual mega food park developer over the past decade. According to the information provided by the Union Ministry of Food Processing, Patanjali Food & Herbal Park in Noida is “in the process of meeting the conditions for final approval”. It is the only contract for mega food parks given this year by the Modi government.

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McDonald’s loss is Domino’s gain in India’s $21 billion fast food market

Source: Business Standard, Mar 28, 2018

McDonald’s Corp. has a problem in India and its rivals are loving it.

Even as the world’s largest restaurant chain tries to woo Indian stomachs with such menu items as the McAloo Tikki (a potato and pea patty on a bun), a legal dispute with a key franchisee partner has put it on the back foot. Shares of India’s Domino’s Pizza operator Jubilant Foodworks Ltd. have more than doubled in the past year as the country’s biggest quick-service outlet benefits from a surge in online orders for home pizza delivery.

A pickup in the economy and growing demand from the planet’s largest youth population are boosting fast-food sales in India. Researcher Euromonitor International predicts the market will expand 5.8 per cent to $21.2 billion this year — a 50 per cent jump since 2008. Domino’s and Subway have gained share, eroding McDonald’s hold, Euromonitor data show.

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Food processing sector signs 168 MoUs with state, proposes to invest Rs 3,424 crore

Source: ETRetail.com, Feb 26, 2018

VIJAYAWADA: The Andhra Pradesh government signed 168 Memorandums of Understanding (MoUs) with the food processing sector on Sunday, the second day of the three-day CII Partnership Summit here.

The food processing industry is proposing to invest Rs 3,424 crore in the sector, according to a statement from the summit organisers. The investment will create 48,298 jobs, it said.

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Government frames guidelines for food festivals

images.jpgSource: ETRetail.com, Feb 07, 2018

In an attempt to highlight the regional culinary experience, the government has created guidelines for organising safe and hygienic food festivals, Culture Minister Mahesh Sharma said on Tuesday.

Speaking in the Lok Sabha, the Minister said the guidelines for declaration of clean street food hubs had been framed, including for upgrading the infrastructure of existing food streets of the country, to popularise and promote local and regional cuisines.

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Rs 8,000-crore fund to help milk co-ops expand capacity

Source: The Economic Timrs, Dec 26, 2017

NEW DELHI: The National Bank for Agriculture and Rural Development will soon get going on a Rs 8,000-crore fund that the finance minister announced in this year’s budget to support the dairy sector. Under the Dairy Processing and Infrastructure Development Fund, Nabard is the nodal agency to finance projects over a period of three years.

It targets to sanction proposals to create new milk processing capacity of 27 million litres per day in the cooperative sector this year. “This year, 39 projects by various cooperative dairies will be cleared under the dairy processing and infrastructure development fund, entailing an investment of Rs 600 crore to Rs 1,000 crore,” Nabard chairman Harsh Kumar Bhanwala said. “With this investment, the milk processing capacity (in the cooperative sector) would increase from the current 66 million litres per day to 92.6 million litres per day. Further, the bulk milk-chilling capacity would go up from 48 million litres per day to 63 million litres,” said Bhanwala. Read the rest of this entry »