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FICCI predicts food services to reach Rs 5.52 lakh crore by 2022

FICCI predicts food services to reach Rs 5.52 lakh crore by 2022

According to a report by FICCI-Technopak, Indian food services market is set to grow at 10 per cent annually to reach Rs 5.52 lakh crore in the next five years.   The report highlights that

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DBT conducts stakeholder meet on NCS-TCP

DBT conducts stakeholder meet on NCS-TCP

In order to create awareness among all the Stakeholders particularly key Officials from Centre and State Government’s Agriculture and Horticulture Departments, Department of Biotechnology recently conducted the Stakeholder Meet on “National Certification System for Tissue

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Maharashtra government and Patanjali to partner in Rs 25,000 crore cow project

Maharashtra government and Patanjali to partner in Rs 25,000 crore cow project

Union minister for Road Transport and Highways Nitin Gadkari has announced that the state government would raise Rs 25,000-crore project on 800 acres at Heti (Kundi) village in Vidarbha, to be carried forward with the

Allied Industry
Nestle to work on infant nutrition business

Nestle to work on infant nutrition business

The Board of Directors at Nestle has decided to change the organization of the infant nutrition business of the company to enhance Nestle’s ability further to win in this high-growth category.   From January 1,

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Sami Sabinsa founder receives recognition by IAKCCC

Sami Sabinsa founder receives recognition by IAKCCC

Sami-Sabinsa group founder Muhammed Majeed, Ph.D. has been bestowed with Lifetime Achievement Award by the Indian American Kerala Cultural And Civic Center (IAKCCC). The much-acclaimed award is given to an individual deemed by the IAKCCC

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India requires more cold storage chains, warehouses: Choudhary

India requires more cold storage chains, warehouses: Choudhary

Union Minister of state for Consumer Affairs, Food and Public Distribution C R Choudhary stressed the need for setting up of cold storage chains in the country, which will help the farmers to get good

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PepsiCo leads INR 68,000 cr plans for food sector spend

PepsiCo leads INR 68,000 cr plans for food sector spend

As per a report in Western Times, 13 companies, including majors such as PepsiCo, Coca Cola, ITC and Patanjali have committed to invest INR 68,000 crore or about USD 10.2 billion in India’s food processing

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GST Council cuts tax rate for restaurants

GST Council cuts tax rate for restaurants

The GST Council has decided to cut tax rate for restaurants to 5 percent without Input Tax Credit. The new tax rate would be applicable to both AC and non-AC restaurants, except those in five-star

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GST council suggests slashing of GST rates for chocolate, malt

GST council suggests slashing of GST rates for chocolate, malt

In a major relief to the food industry, the Goods and Service Tax (GST) Council, at its 23rd meeting in Guwahati, held recently, recommended reductions in the GST rates levied on a number of goods

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Australian researchers introduce VegEze app

Australian researchers introduce VegEze app

Researchers in Australia have launched a dinner table app in an effort to tackle aversion towards consuming vegetables. VegEze app has been developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO), in order to