Patanjali eyes 20% share in country’s processed food market

Source: Business Standard, Apr 20, 2017

New Delhi: Home-grown FMCG major Patanjali Ayurved is looking to double its share in the country’s food processing market to 20 per cent in the current fiscal.

The yoga guru Ramdev-led firm, which has plans to invest Rs 5,000 crore on expansion of its various verticals, would be putting aside a substantial portion of funds towards opening of new units and ramping up capacity of the existing units. Read the rest of this entry »

Centre to launch Rs 6,000-crore Sampada scheme to reduce food wastage

Source: The Economic Times, Apr 11, 2017

NEW DELHI: The food processing industries ministry plans to soon launch a Rs 6,000-crore scheme, Sampada, for agro-marine produce processing and development of agro-processing clusters, with an aim to reduce food wastage and ensure farmers get remunerative prices.

The scheme will integrate current and new schemes from mega food parks to cold chain projects and introduce three new schemes – creation or expansion of food processing and preservation capacities, new agro-processing clusters, and backward and forward linkages.

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India may ease rules for foreign food retail before November

Source: ETRetail.com, Mar 31, 2017

Following calls from global retail giants such as Wal-Mart Stores Inc. and Tesco Plc, Prime Minister Narendra Modi is set to decide by November whether India is prepared to ease strict rules on food retailers, a minister said on Tuesday.

India allows 100 percent investment by foreign wholesalers, but if they want to access the burgeoning retail market, they can only have a 100 percent holding to sell food items. This forces them to overhaul their businesses instead of replicating models that have worked abroad, Harsimrat Kaur Badal, minister for food processing industries, said in an interview at her official residence in New Delhi.

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Big Basket, Haldiram, Amul among 101 cold chain projects okayed

download (4).jpgSource: Business Standard, Mar 28, 2017

New Delhi: The country’s largest e-grocer Big Basket, snacks biggie Haldiram, cooperative major Amul, and logistics firm Balmer Lawrie are among the 101-odd firms which reeceived the Centre’s nod on Monday to set-up cold chain projects across the country entailing an investment of Rs 3,100 crore.

The cold chains, which are expected to come up in the next 18-24 months, could go a long way in lowering wastage of fruits and vegetables.

Of the Rs 3,100 crore expected investment, the Centre would contribute around Rs 838 crore, while the remaining Rs 2,262 crore would come from the private sector.

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FSSAI to partner global, desi firms to up food safety levels

Source: The Hindu Business Line, Mar 27, 2017

New Delhi: The Food Safety and Standards Authority of India (FSSAI) is looking to partner global and domestic companies to raise the levels of food safety and hygiene in the country. The regulator is also looking to engage with food companies on various other aspects such as compliance and developing robust consumer grievances processes.

FSSAI CEO Pawan Agarwal said safe and nutritious food for all is a “shared responsibility”.

“We are looking to engage with corporates to scale up initiatives to ensure the availability of safe and nutritious food in the country. We are also looking to engage with companies on various other areas such as compliance, training and capacity building, among others,” he added.

The regulator on Monday signed an MoU with Coca-Cola India to train 50,000 streetfood vendors under its project “Clean Street Food” across India over the next three years. While Coca-Cola India will handle programme execution through its bottling plants network, FSSAI will help develop the training content.

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Buffalo meat exports at over Rs 21,000 cr in Apr-Jan in FY’17

Source: Business Standard, Mar 27, 2017

New Delhi: India’s buffalo meat exports reached Rs 21,316 crore in April-January period of the current financial, Parliament was informed on Monday.In the entire last financial year, 2015-16, the exports aggregated Rs 26,684 crore with the main export destinations including Vietnam, Malaysia, Egypt, Indonesia and Saudia Arabia.

Commerce and Industry Minister Nirmala Sitharaman said as per the existing meat export policy, the shipments of beef (meat of cow, oxen and calf) is prohibited.

Bone in meat, carcass, half carcass of buffalo is also prohibited and is not permitted to be exported.Only the boneless meat of buffalo, meat of goat and sheep and birds is permitted for export.

She said in a written reply to the Lok Sabha that the processed meat exports from the country stood at Rs 2.82 crore during April-January period this financial year.

India exported sheep/goat and birds’ meat worth Rs 727.16 crore and Rs 22,073.5 crore during the period respectively.Replying to a separate question, the minister said that India is consistently taking up the issue of tightening norms for skilled foreign workers with the UK at the highest levels.

“The UK government has been urged to not accept the recommendations of the Migration Advisory Committee in the interest of the bilateral trade in services” between the countries, she added.

 

Food and drink MNC giants plot fightback as India looks to tighten rules

indexSource: Business Standard, Mar 17, 2017

Several food and drink multinationals and trade groups met in recent weeks to discuss how to lobby more effectively against Indian proposals for higher taxes and stricter labelling rules on fatty or sugary foods, sources familiar with the talks said.

According to officials, Prime Minister Narendra Modi’s administration has begun to look closely at policy proposals under discussion since at least 2015, raising concerns over the possible impact on the $57 billion sector.Alarmed by rising rates of obesity and diabetes, India plans to frame draft rules within a month requiring manufacturers to display the fat, sugar and salt content of products on packaging.

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