Indian nutraceuticals market to reach $8.5 bn by 2022
The Dollar Business Bureau India’s nutraceuticals market is likely to touch $8.5 billion in the next five years, a study revealed. “Indian nutraceuticals market is expected to cross from a value of $2.8 billion in 2015 to a value of $8.5 billion by 2022,” as per the joint study by ASSOCHAM and RNCOS. In 2015, the country accounted for about 2% share in the world market. By 2022, the share is expected to increase to approximately 3% on account of country's huge population base, rising awareness and urban belt, said the study. The overall market is segregated into functional food & beverages and dietary supplements. “In 2015, the market for dietary supplements was $1.8 billion. However, with riding awareness, more people are opting for these supplements on their own,” DS Rawat, ...
EXIM to raise $3 billion from foreign markets in 2017-18
The Dollar Business Bureau David Rasquinha, MD, Export Import Bank of India, revealed that the premier export-promoting body aims to raise $2.5 billion – $3 billion from overseas markets in the current fiscal year. In 2016-17, EXIM had successfully raised an amount of over $2 million from foreign markets. Even if the deployment of these funds doesn't take place right away, it helps secure liquidity and enhances long term investment opportunities up to 20 years, the MD said. EXIM promotes Indian investment in Africa in the sectors of power, roads, railways, renewable energy, and agriculture. Of all its annual funding, about 50% goes towards countries in Africa. The export promotion agency supports long-term projects predominantly in SAARC, Africa, and the far east region. It sees potential for financial lending in the neighbouring countries of ...
Amazon's FDI in food retail to face opposition from middlemen
Sneha Gilada The Ministry of Food Processing Industry has announced that Amazon plans to invest about $500 million in India's food e-retail market. Other e-commerce firms in the industry like Grofers and Big Basket have also come forward with proposals for investments. The government has received investment proposals from a group of companies totalling $695 million in value. In 2016, the government had pushed through a bill that opened up 100% FDI in the retail of food products manufactured or sourced from India. A similar proposition for non-food products is still in the working. Minister of Food Processing Harsimrat Kaur Badal broke the news and hailed the series of investment proposals as a boost to the food processing Industry of India. From 2011-12 to 2015-16 (until December), the total FDI inflows in ...
Ban call on Coke, Pepsi by TN traders body comes into effect
PTI A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its President A M Vikrama Raja declaring drinks as 'toxic' for consumption. "About 70% of the (15 lakh) traders have decided to boycott the sales of Coke and Pepsi from today onwards for their toxic nature. Whatever you find on the shelves of the stores are leftover stocks and those not taken back by the (distributing) agencies," he said.Raja had earlier proposed a ban on the sale of these brands at the height of pro-jallikattu protests in the state in January, where it was widely claimed that many international groups may have been behind the ban on ...
Coca-Cola targets Maaza to become $1 bn brand by 2020
The Dollar Business Bureau Coca-Cola India, one of the leading beverages firm, is aiming to make its mango-based drink Maaza brand, a $1 billion by 2020. “We would love to see Maaza become a $1 billion brand coming out of India by 2020. The brand has potential to be there. All our consumer research show that Maaza is India’s most trusted and loved brand,” Venkatesh Kini, President, Coca-Cola India and South West Asia, told to PTI. Acquired in 1993 by Coca-Cola, Maaza at present is more than a Rs.2,000 crore brand, Kini added. In 1993, the beverages major had also acquired brands like Limca and Thums Up from Parle Bisleri. For achieving the target, Coca-Cola is also planning to invest in areas like enhancing the ...
Coca-Cola to set up plant in Sri Lanka
The Dollar Business Bureau The American beverages leader Coca-Cola has expressed its intention of setting up a production unit in Sri Lanka in order to cater to the high demand of the Indian market, according to the information provided by the Sri Lankan finance ministry on Monday. The plans of the company were revealed during the country visit of its Asia Pacific chiefs who met the Sri Lankan Finance Minister Ravi Karunanayake over the weekend. According to the officials, Sri Lanka has the potential to be turned into a production hub to re-export their products to India. The Indian market has the highest demand for Coca Cola products in the South Asian region. The Atlanta-based company has an array of offerings including Sprite, Thums Up, Coca-Cola, Limca, Fanta, and ...
Fever-Tree Gin and Tonic returns to Indian shore
India is one of the top five gin markets in the world, and Fever-Tree sees India as a long-term platform for its growth Jayashankar Menon | @TheDollarBiz UK Deputy Prime Minister Nick Clegg during the launch at the British High Commission on August 25, 2014 as part of the UKTI trade mission Tim Warrillow, promoter of the UK-based gin manufacturer Fever-Tree, is in India along with the UK Trade and Investment (UKTI) delegation led by the UK Deputy Prime Minister Nick Clegg. The delegation is visiting India as a part of the British Government's policy to boost exports and Prime Minister David Cameron's commitment to increase exports to one trillion pounds (about $1.65 trillion) by 2020. Fever-Tree could play an important role in ...
