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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TN to invest INR1,000 crore in food-processing industry

Source: The Hindu Business Line, Sept 07, 2017

Chennai: Tamil Nadu will invest around ₹1,000 crore in food-processing projects in the next one year.

As part of this initiative, supply-chain management units will be set up in Erode, Krishnagiri, Dharmapuri, Nilgiris, Coimbatore, Dindigul, Theni, Tuticorin and Ramanathapuram at an investment of INR 398 crore.

The project is funded by Nabard and the State government.Speaking at the 12th edition of Food Pro 2017, organised by the Confederation of Indian Industry, O Panneerselvam, Deputy Chief Minister, said the State is a front runner in agriculture production.

Creates more jobs

Only 4.6 per cent of the produce is processed and 35 per cent of vegetables and fruits goes waste due to the lack of adequate cold-storage facilities.Panneerselvam said the push to food-processing is the need of the hour, as it can ensure better return to farmers and create more jobs in rural areas. He said the State will put in place regulations to ensure quality and food safety to become a global food market. Keeping in line with this objective, a research and development centre and public-private partnership will be explored to bring in innovative products with longer shelf life, he added.

Government to aid mega food parks for two years

Source: The Economic Times, Aug 16, 2017

CHANDIGARH: The Central government will support farmers and entrepreneurs who invest in mega food parks in Punjab for two years from the time their projects are launched.

The farmers of Punjab must avail the maximum benefits from the Rs 6,000 crore allocated by the Prime Minister to boost the food processing industry, Union minister for food processing industries Harsimrat Kaur Badal told a gathering of farmers at a function in Amritsar organised by the Confederation of Indian Industry and the ministry on Wednesday.

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Sikkim govt to enter organic food JV with IFFCO with Rs 200 cr investment

Source: Business Standard, July 25, 2017

New Delhi: Fertiliser major IFFCO today said it has signed an agreement with Sikkim government to explore business opportunities in organic food market with an initial investment of Rs 200 crore.

The foray into the organic food market and food processing is a part of the co-operative IFFCO’s strategy to diversify its business.Apart from fertiliser, IFFCO is into general insurance, agro-chemicals, rural telecom, rural retail and farm forestry.Indian Farmers Fertiliser Cooperative (IFFCO) announced signing of memorandum of understanding (MoU) with the Sikkim government.

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