Category — Food Processing

Mexico’s Grupo Bimbo Enters India

Mexican company Grupo Bimbo, the world’s biggest baked goods manufacturer acquired a 65 percent stake in Jaipur, Rajasthan-based Ready Roti for an undisclosed amount. The move is a sign of Bimbo’s interest in emerging markets.

Ready Roti manufactures many kinds of breads, buns, pizza bases, as also rotis or Indian bread under the brand name Harvest Gold.

A packet of Ready Roti

Just-Food reports that Ready Roti has four plants and more than 500 workers, and that its annual sales are about $48 million.

 

May 30, 2017   No Comments

UberEats launches in Mumbai

San Francisco-based Uber launched its initial UberEats service in Mumbai, and by the end of this year the company plans to expand this service to six cities in India. The country’s online population is tipped to reach 450 million-465 million people by June 2017, according to a report co-authored by the Internet and Mobile Association of India, bringing with it the potential to connect people to taxis, cars, food and more.

“Mumbai is home to a booming food industry with a vibrant food culture offering both global and local cuisines. The introduction of UberEats in India, with Mumbai as the first city, is a major step in our global expansion and showcases our commitment to the region,” Bhavik Rathod, Head of UberEats India, said.

Uber Eats Food Service

TechCrunch says: Uber has thrown more focus on Eats lately, beyond its ongoing global expansion. Recent updates added tailored recommendations, customizable drop-off directions for drivers and new filtering options, while it also introduced a restaurant management service that helps restaurant partners get actionable insight through data.

 

 

May 15, 2017   No Comments

India’s Shrimp Industry Shows Steady Growth

India’s export of shrimp was 382,959 tons in Calendar Year 2015, up 9.8 percent from the previous year
India’s cultured shrimp production in the year ending March 2015 was about 426,500 tons, up 30 percent from the previous year (Figure 1). From  2005  to 2015, shrimp production has grown at a compound annual growth rate of 13 percent.
Fig 1. Cultured Shrimp Production Rising

Fig 1. Cultured Shrimp Production Rising

The introduction of white leg shrimp (Litopenaeus Vannamei, or Vannamei) in 2009 spurred growth in shrimp production during the last few years and displaced sales of the other major shrimp species such as the tiger shrimp (Penaeus Monodon) which was found to be susceptible to disease. In FY 2015, the production of the white leg shrimp (Vannamei species) rose to  353,000 tons, which was 81 percent of the total shrimp production in India. This species is preferred since it has a fast growth rate, is disease resistant, needs lower feed requirements, and exhibits a higher survival rate.  In 2015, the area under shrimp production in brackish water aquaculture was 121,600 hectares, which was up from 102,500 hectares in 2010. Industry sources indicate that shrimp production accounts for 25 percent of the brackish water aquaculture.
Accounting for 65 percent of the total shrimp produced in India, the state of Andhra Pradesh is India’s largest cultured shrimp producer. This is followed by West Bengal, Tamil Nadu & Puducherry (earlier known as Pondicherry), Gujarat, and Odisha. Tiger shrimp (Penaeus Monodon) are farmed in the states of West Bengal, Odisha and Kerala, while the Vannamei species is preferred in the states of Andhra Pradesh, Gujarat, Tamil Nadu and Odisha.
Although most of India’s shrimp production is exported, its broodstock is imported. According to industry sources, India imports 98 percent of total broodstock specific-pathogen-free (SPF) Vannamei broodstock from U.S.A., and in Calendar Year 2015 import of broodstock from the U.S. reached $10.8 million  In addition to broodstock, Artemia Cysts, which are used as live feed during the larvae raising operations in shrimp hatcheries, are imported as well. In CY 2015, 97 percent of India’s Artemia Cysts worth $15.44 million were imported from the United States, says a GAIN report.

May 15, 2017   No Comments

India Contemplates Opening Up Food Retailing

Foreign food retailers may soon be allowed to sell personal care products made in India up to 25 percent of their total merchandise sales. India’s Department of Industrial Policy and Promotion has for the first time endorsed this proposal. The idea behind the move is to encourage “organized” (mass market)  retailers to source goods made in India.

The excerpt below is from an interview that India’s  commerce and industry minister Nirmala Sitharaman had with the Economic Times:

Economic Times: On food retail, are you looking at allowing more products? Could we see some announcement soon?

Sitharaman: There is a lot of discussion on it. We are already talking about what is grown and [can be] value added in India. The food ministry is saying that you would need something more to attract consumers. He would want to buy other things as well, like cosmetics.

The Seattle-based online retailer, Amazon, sought government permission to enter the food retail business in India. It proposes to invest $570 million in over five years to sell third party and its own private-label food articles, sourced and packaged locally. Other applications received by the government in food retail are from Grofers and Bigbasket.

While a political consensus needs to be reached for further opening of the retail sector, the government is also examining the proposal of opening up Foreign Direct Investment for all goods manufactured in India.

Food Retail

May 8, 2017   No Comments

Pepsico Enters India’s Dairy Market

New York-based Pepsico will launch dairy-based beverages in India under its other brands, including Tropicana. PepsiCo India Holdings Pvt. Ltd, is venturing into the Indian dairy market—one of the toughest for a foreign multinational to break into.

Deepika Warrier, vice-president (nutrition), PepsiCo India, said, that the company’s Quaker Oats brand ready-to-drink milk is a ” value-added, grain-based, fiber-fortified dairy beverage that is targeted to cater to the nutrition needs of breakfast.” The Quaker Oats+Milk, will be available in 6 ounce on-the-go cartons priced at 50 cents in India’s top cities and towns.

Pepsico Logo on a botle cap

The company is also working on “fusions” (a mixed beverage with milk, fiber, fruits, and more), and Indian dairy-based products like chhaas (salted buttermilk) and lassi (sweet buttermilk) reports Livemint.

 

 

May 6, 2017   No Comments