Food Marketing & Technology - India - January 2017
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January 2017 issue Digital Access. - Magazine Details
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With the Food Processing Industry unlikely to have any adverse impact in taxation under the newly proposed GST regime, the sector is expected to be taxed at existing rates. Further, the industry has also demanded for the sector to be levied with minimum tax under the GST regime to promote growth and attract investments. If this proposal is pulled off, substantial growth can be expected in this sector. The government has also reduced the taxes significantly and excise, particularly; from 10 percent to 6 percent. Recently, the industry shared information on foreign direct investment in the sector that was said to be $ 500 million per annum in the last three years. The quality of processed food in India has recently been catching up with world standards and the industry is also taking steps to promote the production of good quality processed foods to cement itself in the International market. According to the Department of Industrial Policies and Promotion (DIPP), between April 2000 and March 2016, the food processing sector of India has received a total of $ 6.82 billion worth Foreign Direct Investment. The Confederation of Indian Industry (CII) has estimated the food processing sector to attract close to $ 33 billion over the next 10 years.
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How Crucial is BIS License for PDW and MW Manufacturers?
It has been observed by the Food Safety and Standards Authority of India (FSSAI) that numerous manufacturers of packaged drinking water are in operation with FSSAI but they do not have a BIS certification mark. In order to sell packaged drinking water and mineral water, a BIS number is very important for the product. Obtrusively, packaged drinking water and mineral water is being sold without BIS certification in the scorching summer heat.
TESSOL Helps Companies to Ensure Product Quality and Reduce Food Wastage Significantly
Food Marketing and Technology Magazine, India had an interaction with Rajat Gupta, Founder & CEO TESSOL. He talks about the importance of cold chain and challenges and opportunities in this sector.
Mintel's 2022 Global Food and Drink Trends explores what changing consumer behavior means for the food, drink and foodservice industries
In India, 46% percent of consumers worry that life will not be the same as it was before the pandemic, according to Mintel Global Consumer research on the holistic consumer.
Increasing Demand from the Food and Beverages Industry in Developing Regions to Present High Growth Opportunities for the Global Banana Flakes Market
Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers.
Evolution of Sustainable Packaging in Bakery Industry
Packaging is an integral part of the commercial food products where, it plays a major role in containing, protecting preservation of food product.
Emerging Source of Omega 3 Fatty Acid Rising Demand in the Indian Market
Omega-3 fatty acids are a class of essential fatty acids that are found in foods, such as fish and flaxseed, and dietary supplements, such as fish oil.
BVeg Foods and Bühler Spearhead the Path to the Future of Meat Substitutes in India
BVeg Foods is one of the first ventures in India equipped with high moisture extrusion (HME) technology powered by the Swiss technology group Bühler. With the recent purchase of Bühler's extrusion solution, BVeg aims to create a center of excellence with strong in-house product development capabilities and state-of-the-art processing facility for plant-based proteins.
Britannia Reported Operating Profit of Rs 499 crore with Growth of 10% for Q4
Britannia Industries reported consolidated sales of Rs 3,508 crore with a growth of 15% and consolidated operating profit of Rs 499 crore with a growth of 10% for Q4 2022. Its board of directors recommended a dividend of 5650%, Rs 56.5 per share.
Breakthrough Technology will Produce Green Proteins Greener - Next Generation Membrane Filtration Systems are the Key
SiccaDania Filtration and the SiccaDania group will supply key technology for a protein factory in Hedensted, Denmark, for the extraction of green proteins from fava beans. A number of Danish investors and global supplier of plant-based ingredients Meelunie will invest 250 million DKK in the factory. A new membrane filtration solution offers a wide range of advantages over traditional systems.
A Revolutionary Shift In Dine Out Trend
Eating out in your favourite restaurants or outlets is something that we can’t resist as it has become a common practice to eat out on weekends, occasions or any event to get together with family and friends.