Gadre Marine plans to double revenue this fiscal
The Dollar Business Bureau Gadre Marine Export Pvt Ltd aims to double the company’s revenue this financial year. This company is one among the leading producers of sea food in India. It also exports large quantities of packaged seafood from the country. Gadre Marine Export Chief Executive Officer Arjun Gadre said that the company has registered a revenue of Rs.550 crore in last fiscal year. The company targets to double its revenue by increasing its sales two-fold in the current fiscal. Gadre Marine Export has recorded a 50% year-on-year growth in the retail sea food industry of the country. During the previous fiscal, the company had reported its sales at 250 tonnes, and are planning to double its sales to 500 tonnes this fiscal, ...
Food items to have key info on 40% pkt area
The Dollar Business Bureau The Government of India has made amendments in the packaged food commodities rules and insists that food manufacturing units should prominently display six key details, including retail price and quantity, on at least 40% of the area on the packet. According to an official release, the norms for packaged products have been revised by the Consumer Affairs Ministry. The new norms will be put into effect from July this year. Ram Vilas Paswan, Union Minister for Consumer Affairs, Food and Public Distribution has given directions to the officials in the Ministry to make sure that the amended norms are positively put into effect from July. In a meeting of the Bureau of Indian Standards’ (BIS) governing body on Friday at Mussoorie, ...
Olam, Mitsubishi tie-up for marketing agri products in Japan
Source: PTI Global agri business group Olam International Limited, which has its roots in India, has entered into a $652 million deal with Japanese trading giant Mitsubishi Corporation for marketing agri products in Japan, the company said on Friday. Singapore-based Olam is raising 915 million Singapore dollars (US$652 million) through the share subscription with MC, which is also acquiring a stake in secondary shares from Singapore-Indian group Kewalram Chanrai Group. Following the transaction, MC will become Olam's second largest shareholder with 20% shareholding. The partnership will explore potential strategic collaboration opportunities that could cover Olam's key platforms including grains, edible nuts, cocoa, coffee, packaged foods and rice. Singapore state investor Temasek Holdings will remain Olam's majority shareholder with a 51.4% controlling stake ...
