FSSAI allows small organic growers to sell produce without certification till 2020

Source: ETRetail.com, May 20, 2019

New Delhi: Food safety regulator FSSAI has permitted small organic producers, having an annual turnover of over Rs 12 lakh, to sell their produce directly to end consumers without certification till April 2020, but will not be able to use ‘Jaivik Bharat logo’ on their products, a latest report says. The Jaivik Bharat logo is an identity mark to distinguish organic products from non-organic ones.

A similar relaxation has been given to ‘aggregators’ having an annual turnover of Rs 50 lakh. However, the organic food retail firms have to comply with the certification norm.

Under the 2017 organic regulation, sale of organic produce directly to end consumer has been allowed only with the certification of the National Program for Organic Production (NPOP) and Participatory Guarantee System (PGS) India. Read the rest of this entry »

‘Indian food service sector size Rs 4 lakh cr, employs 7.3 mn’

Source: ETRetail.com, May 20, 2019

New Delhi, Riding on urbanisation, rising income levels and improved investment climate, India’s food service sector has grown at 11 per cent in the last three years and is estimated at Rs 423,865 crore in 2018-19, proving employment to some 7.3 million people, a report released on Monday said.

Growing at 9 per cent, it is projected to reach Rs 599,784 crore by 2022-23, the National Restaurants Association of India (NRAI) said in its India Food Services Report 2019.

“The growth is noticeable at the segment and format levels of the sector,” the report said, adding that the organised segment, which holds a 35 per cent share, grew 13 per cent in the last three years and is estimated at Rs 148,353 crore in 2018-19. It is estimated to grow at 15 per cent to Rs 257,907 crore in 2022-23.

Within the organised sector, affordable casual dining restaurants accounted for a whopping Rs 60,255 crore in 2018-19 and fine diners for Rs 2,872 crore with PBCLs (pubs, bar cafes and lounges) and cafes in between at Rs 17,979 crore and Rs 9,370 crore, respectively. Read the rest of this entry »

Food Corporation takes fresh NSSF loan of Rs 60,000 crore

Source: Financial Express, Apr 14, 2019

Prodded by the Centre, the Food Corporation of India (FCI) has taken a fresh loan of Rs 60,000 crore from the National Small Savings Fund (NSSF) just before the fiscal year came to an end. What necessitated the loan was the Centre’s inability to foot the budgeted food subsidy bill in its entirety, given a big revenue shortfall (the tax revenue fell short of the revised Budget estimate by a whopping Rs 1 lakh crore).

Repayment of the loan is the Centre’s obligation.

With the latest decision, the government has resorted to the NSSF loan for the third year in a row to ensure that FCI’s operations are unaffected owing to its funds constraints. The Centre’s dues to the FCI has now touched an all-time high of Rs 1.95 lakh crore, and unless it finds budgetary resources soon to salvage the situation, it could be looking at a debt trap. Read the rest of this entry »

Food safety, excise commissioners to enforce norms for alcoholic beverages

Source: The Hindu Business Line, Apr 04, 2019

New Delhi: With the new regulations for alcoholic beverages notified by the FSSAI, coming into effect from April 1, the excise commissioners and food safety commissioners will be working closely to enforce these regulations at the State-level.

Since alcohol-beverage makers have been allowed to use old unused labels and printed cans for the next six months, the labelling norms for alcoholic beverages, which include putting a mandatory statutory warning, will only get implemented from October 1. The alcohol-beverage makers will need to get requisite approvals from the Excise Department for making changes in their labels.

Pawan Agarwal, CEO, FSSAI, said, “The implementation of standards for alcoholic beverages sector is a significant step to improve the quality and safety of these beverages. Thus far, the sector was primarily being regulated by the excise commissioners and they were only looking at the alcohol content and presence of toxic substances in alcohol. Now there are far more elaborate standards benchmarked with global standards, while in certain cases, Indian standards have also been kept into consideration.” Read the rest of this entry »

Online food ordering market to touch $17.02 bn by 2023: Study

Source: The Hindu Business Line, Mar 26, 2019

Guwahati: The online food ordering market in India is likely to grow at over 16 per cent annually to touch $ 17.02 billion by 2023, according to a study by business consultancy firm Market Research Future.

The study, titled ‘Digital Platforms Reign in the Food Ordering Market’, said the growth in online food ordering market has been attributed to the rising number of women in working population in most of the metro cities.

“The Indian online food ordering market is slated to grow at a CAGR (compound annual growth rate) of 16.2 per cent at $ 17.02 billion by 2023,” it said.

According to the study, 95 per cent of the respondents surveyed order food online, owing to promotional offers and discounts, while 84 per cent individuals said its hassle-free and time-saving. Read the rest of this entry »

India may push exports via G2G trade for food products

Source: The Economic Times, Mar 17, 2019

Worried over a slowdown in exports, the government is looking to use India’s good relations with other countries to push up exports through governmentto-government (G2G) trading arrangements for food products.

The commerce department is exploring export of non-Basmati rice to the Philippines and Indonesia, and sugar to Egypt under this mechanism to boost exports that have been hit by rising protectionism globally and slowdown in trade. Read the rest of this entry »

The pricier the booze, the faster it sells as India’s wealth grows

Source: LiveMint.com, Mar 13, 2019

MUMBAI: One recent Saturday evening in Mumbai, men in bespoke jackets and women wearing summer dresses sampled artisanal gins, French brandy and Caribbean rum at an airy, modern bar built on the grounds of a colonial-era horse racing club. With a jazz bass thumping in the background, a small group of the curious gathered to hear a maroon-suited employee of French-distiller Pernod Ricard SA—flown in from the Scottish highlands—hold forth on the primacy of Scotch whisky.

The luxury spirits festival, the first organized by a local importer, is the latest manifestation of India’s growing mania for the top shelf (despite longstanding official measures to curb drinking). Pernod reported 24 percent growth in India last quarter, with its imported Scotch brands leading the way. Rival Diageo reported 12 percent revenue growth, largely driven by such prestige brands as Johnnie Walker whisky. India’s growing thirst for high end liquor goes well beyond the Mumbai glitterati. Diageo says even tipplers of the local moonshine are skipping mid-tier foreign alcohol and jumping right into premium spirits. Read the rest of this entry »