Walmart eyes opening food retail chains in India
The Dollar Business BureauGlobal retail giant Walmart is eyeing India’s food processing industry following the government’s decision to relax foreign investment rules. "Walmart is showing a lot of interest. Now we are hoping that they will come on their own and will add to the growth story of this country," Food Processing Secretary A K Srivastava said. Indicating the sudden impact of relaxing norms, Srivastava said a leading Brazilian poultry firm has expressed interest in collaborating with Future Group to sell products in the Indian market. "A Brazilian company claiming to be world's leading exporter in poultry sector met us on Tuesday. They want to tie up with Biyani's Future Group to use their retail outlets," he added. The government had recently allowed 100% foreign investments ...
Indias food industry equipment demand stable despite weak monsoon
Neha Dewan | @TheDollarBiz Participants at the 10thFood and Technology Expo 2014 held in New Delhi last week told The Dollar Business that demand for equipment from the food and beverage sectors in India remains stable despite fears of a weak monsoon this year. The food processing industry is one of the larger industries in India and is ranked fifth in production, consumption, export and expected growth. India’s total food production is expected to double in the next 10 years, with the country’s domestic food market touching $258 billion by 2015. Currently, the food processing industry accounts for 32% of the country’s total food market. There are concerns that a weak monsoon this year may lead to reduction in ...
