Buyers from West Europe to source Food and Beverage from India

Source: ETRetail.com, Oct 09, 2018

NEW DELHI: European supermarket chains and top manufacturers of processed food will be sourcing their Food and Beverage (F&B) requirements from India at the Indusfood-II – the export focused annual F&B trade fair organized by Trade Promotion Council of India (TPCI) jointly with commerce and industry ministry.

Indusfood is a tradeshow, the second edition of which will be held in Greater Noida on January 14-15, 2019, to showcase India’s best line-up of food, beverages and agri products to global buyers, many of whom have already committed participation in Indusfood-II.

“The Indusfood-II is expected to see the participation of more than 600 global buyers from around 50 countries,” the ministry said in a statement on Monday. Read the rest of this entry »

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Food processing attracts heavy investment, US a key contributor: minister

Source: The Hindu Business Line, Sept 15, 2018

New Delhi: India’s food processing sector has attracted heavy investment and the US has played a key role in the industry’s initiatives, Minister of State for Food Processing Sadhvi Niranjan Jyoti said Friday. “India’s goal of bringing food processing to global standards has brought about heavy investment, and America is playing a significant role in the industry’s initiatives,” a statement quoting the minister as said at the 14th Indo-US Economic Summit hosted by the industry body IACC.

Stating that the relations between India and the US in recent years has deepened, she said that the government has worked tirelessly towards the mission of ‘Sabka Saath, Sabka Vikas’.

“This spirit of inclusive growth is not only beneficial for Indian farmers whose income the government has sought to double by 2022, but also for international partners like America, and can create economic prosperity for all,” she added.

Speaking at the event, YES Bank Senior President and Global head (Food and Agri Strategic Advisory and Research) Nitin Puri said Indian government is catalysing a revolution in food processing, and this environment has created many opportunities for collaboration between India and the US.

A recommended pathway for this collaboration can be investment in entire value chains. These can mitigate food wastage losses, bring global best practices and technologies like superior cold chains to India, and sell Indian goods in global markets, he said in a statement.

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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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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Punjab approves policy for gas pipeline laying

Source: The Economic Times, Mar 21, 2018

CHANDIGARH: The Punjab Cabinet on Wednesday approved policy guidelines to facilitate laying of gas pipelines across the state.

The move is in line with a High Court directive to the state government to frame a uniform policy for laying of such pipelines. The policy has been drafted by the Local Government Department after examining the policy of Gujarat as suggested by the Petroleum and Natural Gas Regulatory Board (PNGRB), and in consultation with the concerned departments.

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Food processing ministry begins work on Operation Greens

Source: The Economic Times, Feb 14, 2018

NEW DELHI: The Ministry of Food Processing Industries has started consultations with stakeholders to determine the contours of Operation Greens, under which Rs 500 crore has been earmarked in this budget, with a focus on preventing distress sale by tomato, potato and onion farmers.

The ministry added that post World Food Fair held in 2017, foreign direct investment in the sector was flowing in at a fast pace. Pacts worth $14-billion were signed at the event and of this, projects worth close to $4 billion had started ground work, said minister for food processing industries Harsimrat Kaur Badal while addressing a press conference.
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Imported food items will need to have three months to go for expiry

Source: ETRetail.com, Dec 05, 2017

NEW DELHI: All food items imported from other countries will need to have at least three months to go for expiry or a minimum 60 per cent of shelf life, the food safety regulator has proposed. To enforce this, the regulator has proposed that no customs officer will approve import of any food item that does not meet this norm.

In a draft notification issued on Friday, Food Safety and Standards Authority of India (FSSAI) said, “Customs shall not clear any article of food unless it has a valid shelf life of not less than sixty per cent or three months before expiry whichever is less at the time of import.”

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