Category — Food Processing
Dhillon and his team met the Minister for Food Processing, Harsimrat Kaur, the CEO of Invest India, Deepak Bagla (no relation of mine!), and many senior government and business leaders.
“We went there to understand the marketplace because the culture of doing business in India is very different. It was a very positive trip. Now we are thinking about the best ways to educate Indians about the unique benefits of cranberry,” Dhillon added.
April 25, 2017 No Comments
According to Dublin, Ireland-based Research and Markets, India, the largest producer and consumer of milk globally, should report a 15.6% year-on-year growth in revenues for this year.
India’s demographics and dietary habits have changed over the past two decades, and the demand for cheese, ice cream, and yogurt now takes precedence over the demand for just milk.
Globally, milk prices have remained low last year because of weak import demand and oversupply. This was compounded by the slow down in the economy of China, Russia‘s ban on EU produce, and the abolition of the EU’s dairy production quotas, says the Dairy Reporter.
April 23, 2017 No Comments
With its business growing rapidly in India, Unnat Varma, managing director, Pizza Hut, India said it was time to consolidate. “In the long-term, India is one of our most important markets. In the medium term, we plan to double the number of stores. We currently have 360 restaurants across 100 cities. We will double that to over 700 in the next five years,” said Varma.
Consumer sentiments continue to evolve. “Five to six years ago, the western food format stood third in preferences after Indian and Chinese, and within that pizza was the highest. Recent studies show pizza is the biggest category, and has become the most accepted food across all consumer categories,” he added.
Pizza Hut, India is also focused on growing its online sales, which has seen a rise since demonetization in November, reports india.com
February 13, 2017 No Comments
Bakery and dairy product maker Britannia Industries headquartered in Bangalore, India, is planning to expand its presence in overseas markets, reports moneycontrol.
“It’s our vision to make Britannia not just an Indian food company but a global food company. We want our footprint across the globe and have made some move across that direction and a lot more would be coming in future,” said managing director Varun Berry.
The company aims to double its revenue of $1.2 billion, for FY 2015-2016, in the next four to five years. Britannia products are currently available in 70 countries across the globe but its manufacturing activities are located in India and the Middle East only. The company is setting up an additional manufacturing plant in Gujarat‘s Export Zone.
In November, Britannia inaugurated its new R&D center at Bangalore, in which it has invested $33 million.
December 29, 2016 No Comments
IndiaRetailing.Com reports that in an effort to streamline and simplify regulations for the food service industry, the Food Safety and Standards Authority of India has planned to implement:
- The appointment Food Safety Supervisors – In a pilot testing phase, the training and certification of Food Safety Supervisors has already been started in the western state of Goa, and will be conducted in all states.
- Displaying Food Safety Boards – If Food Safety Display Boards, that highlight food safety and hygiene measures are not displayed or followed at outlets that serve food, consumers can reach the regulators via a helpline.
- Streamlining the responsibilities of various agencies concerned with food service – CEO, FSSAI, Pawan Agarwal said, “The police authority will monitor public gatherings from a law and order point of view; the municipal authorities will be responsible for the general sanitation of the place; and the food authority will ensure food safety and hygiene of the food served to consumers is concerned.”
November 22, 2016 No Comments