No GST on packaged food products if rights foregone on brand

Source: LiveMint.com, Sept 21, 2017

NEW DELHI: Packaged food products will not face goods and services tax at the rate of 5% if the manufacturer declares to voluntarily forego any actionable claim or enforceable right on the brand name.

“5% GST will, however, not apply if the person concerned voluntarily foregoes any actionable claim or enforceable right on such brand name, subject to the conditions,” a finance ministry statement said on Wednesday. The entity will have to file an affidavit to the effect that it is voluntarily foregoing actionable claim or enforceable right on such brand name with the jurisdictional Commissioner of Central Tax or State Tax, or the jurisdictional officer of Union Territory Tax, it said. Read the rest of this entry »

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With output rising, India is now a hub for instant coffee

Source: The Hindu Business Line, Sept 13, 2017

Coonoor: India is becoming a manufacturing hub for instant coffee after Brazil and Peru, said Y Raghuramulu, Director of Research, Coffee Board.In his presentation on coffee at the 124th UPASI annual conference here, he said the country is doing extremely well on the export front

The total volume of export between April and August this year stood at 1.78-lakh tonnes, up from 1.63-lakh tonnes in the corresponding period the previous year.

The country has moved from bulk exports to value-added coffee exports, he said. “We are consistently importing more for re-export. Imports are mainly for value-addition and re-exports by EOUs with duty free under FTP.”

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CCEA gives nod to Rs 10,881-cr dairy processing & infrastructure fund

Source: The Economic Times, Sept. 12, 2017

The Cabinet Committee on Economic Affairs (CCEA) today approved a Dairy Processing and Infrastructure Development Fund with an outlay of Rs 10,881 crore for 2017-18 to 2028-29 to boost the dairy sector.

The new fund to be managed by the National Dairy Development Board (NDDB) and theNational Dairy Development Cooperation(NCDC) will be used to provide loan for building an efficient milk procurement system and other processing infrastructure.

“The CCEA approved the Dairy Processing Infrastructure Development Fund(DIDF) with an outlay of Rs 10,881 crore. This was a budget announcement. It will benefit improving milk cooperatives and also farmers,” Law Minister Ravi Shankar Prasad told reporters after the meeting. Read the rest of this entry »

FSSAI flags off 9 mobile food testing labs, to offer 53 more

Source: Business Standard, Aug 22, 2017

New Delhi: Regulator FSSAI on Tuesday offered nine mobile testing labs to eight states and 53 more units are lined up for other states and UTs with an overall cost of Rs 19 crore to strengthen food testing infrastructure.

FSSAI’s CEO Pawan Agarwal announced plans to launch a food safety index to judge all states and Union Territories on parameters like testing infrastructure, enforcement, surveillance and consumer grievance cell, among others.

The authority’s Chairperson, Ashish Bahuguna, today flagged off the mobile labs called ‘Food Safety on Wheels’ here. These labs are multi-purpose vehicles for food testing, public education and awareness. Read the rest of this entry »

Heritage Foods, Novandie SNC of France to set up joint venture

download (7)Source: The Hindu Business Line, Aug 10, 2017

Hyderabad: Heritage Foods Ltd has approved a move to set up a joint venture with Novandie SNC based in Maromme, France, which will pave the way for a greenfield plant.The 50:50 joint venture, to be incorporated with an authorised capital of Rs.1 crore, will manufacture and market fruit and flavoured yoghurt and Western-style desserts.

Each company will nominate two directors to the venture and set up a greenfield plant with a capacity of 20 tonnes a day with an investment of Rs.16 crore for the first plant, whose commercial operation is expected during 2018.

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After Amazon, Grofers gets govt nod to open ‘food only’ outlets

download (6).jpgSource: Business Standard, July 27, 2017

New Delhi: Home-grown e-grocer Grofers is the latest online player to receive permission from the government to open fully-owned brick-and-mortar stores for selling food products. American major Amazon was the first e-commerce company to get an approval for setting up food retail stores in the country earlier this month.

Bigbasket, which had put in a similar request with the Department of Industrial Policy and Promotion (DIPP) around the same time last year, is also expected to receive an approval under the food retail policy soon, a senior government official said.

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Govt eyes $10bn investment in food processing sector in next 5 years

images.jpgSource: Business Standard, July 21, 2017

Mumbai: The government is eyeing an investment worth $10 billion in next five years in the food processing sector, Union Minister for Food Processing Industries Harsimrat Kaur Badal on Friday said.

“We have seen 40 per cent growth in FDI in multi-branded food retail after we announced 100 per cent FDI in the sector last year.”So after all the infrastructure is ready and the seamless ‘farm to fork’ value chain is in place we will get huge investment,” Badal said on the sidelines of a roadshow on ‘World Food India: 2017’ organised by CII.

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