Search Result for : Food Beverage

Sisir Pradhan | The Dollar Business Many instant food and beverage makers in the country are in self-assessment mode, since Food Safety and Standards Authority of India (FSSAI) issued a statutory notification on June 5, 2015 on Nestle India. The notification said that Nestle India has released its Maggie Oats Masala Noodles with Tastemaker in the market, without having due risk and safety assessment of the product from the food safety regulatory body. While Kolkata-based ITC Ltd has issued a public notice that its Sunfeast Yippee noodles are safe for consumption on June 12, global coffee major Starbucks has gone a step ahead and has voluntarily stopped use of some ingredients till it gets clearance from the regulatory authority. Avani Davda, ...

Himanshu Vatsa | The Dollar Business  The government must bring a separate policy with a set of guidelines for brand endorsement involving influential personalities as part of promotional campaigns of any product, a traders’ body has said. According to the Confederation of All Indian Traders (CAIT), the row over Nestle’s noodle— Maggi— has provided an opportunity for the government to formulate a stringent policy for brand endorsement. “When there is a mass scale of brand endorsement being done by celebrities, there should be a policy for brand ambassadors in the larger interest of consumers. Several developed countries including the US already have laws to deal with this issue,” said Praveeen Khandelwal, Secretary General of CIAT. Speaking to The Dollar Business, Khandelwal ...

The Dollar Business Bureau A complete lack of quality infrastructure and shortage of adequate skilled manpower are some key issues hampering the growth of the Food & Beverage service industry in India, as per a recent FICCI-Grant Thornton report released in the capital on Tuesday. Titled ‘Unlocking the potential in the food and beverage services sector’, the report highlights how government intervention in creating good infrastructure and developing skilled manpower can help in boosting the growth of the sector. It also proposes that real estate costs can possibly be reduced by lobbying with developers to create a better formula of rent sharing and developing innovative models for rent. Simplified licensing requirements with a single-window clearance approach and rationalisation of ...

The Dollar Business Bureau The Government of India has sanctioned the proposal for setting up of 30 new cold chain proposals with a grant-in-aid of Rs 274.9 crore. The above information was given by Harsimrat Kaur Badal, Minister of Food Processing Industries, who told the media that the aid would attract an investment of Rs 470 crore, reported a PIB release. The minister also stated that, to boost the creation of infrastructure for food processing, the Ministry has, in the last one year, inaugurated two Mega Food Parks - one in Karnataka and another in Fazilka in Punjab. Three more Mega Food Parks are to be inaugurated shortly in West Bengal, Madhya Pradesh and Assam. Government has announced 17 ...

 The Dollar Business Bureau The large coverage of the National Food Security Act (NFSA) will inevitably intensify the requirements for food grain procurement, storage and distribution. And, given the size of India’s stocks compared to the world’s total utilisation, there will also be considerable potential impacts on the world market, said an Organisation for Economic Co-operation and Development (OECD) report. In 2013, the National Food Security Act (NFSA) was passed, which aims to provide food security to 67% of the population by distributing a fixed amount of subsidised grain each month. The government of India implements its price stabilisation and food security policies through the Food Corporation of India (FCI). FCI has been successful at providing remunerative prices for ...

 The Dollar Business Bureau The Government of India is currently examining the recommendations made by the Committee on Food Corporation of India, with regard to the distribution of food grains under Public Distribution System. This was informed by Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution, GoI, to the Rajya Sabha on Friday. As per the recommendations by the Shanta Kumar Committee, the government is expected to defer the implementation of the National Food Secutiry Act (NFSA) in the States those have not completed the preparatory methods that are required for the implementation of the Act. According to the Minister, all the States/Union Territories are required to complete the preparatory methods and will have to ...

 The Dollar Business Bureau In an effort to boost investment in the food processing sector, the government has introduced some changes in its guidelines of the Mega Food Park scheme. The changes in guidelines, approved by the cabinet committee on economic affairs (CCEA), will streamline the setting up of modern food processing plants across the state. These modifications are expected to trigger further investment in the food processing sector and ensure smooth implementation of the Mega Food Parks scheme particularly, the projects that are at initial stages, a government statement said on Thursday. In March, the Centre had allocated the development of 17 Mega Food Parks across the country to at least 10 private companies and state governments. In 2008-09, ...

 The Dollar Business Bureau The Union Cabinet, chaired by the Prime Minister of India, on Wednesday, gave its nod for import duty hike on sugar from the current 25% to 40%. This move by the government comes a day after the government’s decision to ease norms for the export of sugar to the United States and the European Union. According to an official release, the government’s move to increase import duty on sugar is in view that it would prevent any imports in case of depreciation in the international prices of sugar. The government has further decided for the withdrawal of the ‘Duty Free Import Authorization (DFIA)’ scheme for sugar. A scheme under which the exporters would import duty-free, permissible ...