Tag: India

India’s WayCool Foods adopts electric mobility in last mile delivery to cut down on carbon emissions

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INDIA – WayCool Foods, a leading Fast Consumer Goods Company in India, will begin using electric three-wheelers for intra-city deliveries in Bengaluru in an effort to cut down on carbon emissions and improve its sustainability profile. To make the transition to electric-mobility possible, WayCool has partnered with Pune-based third party logistics services provider FM Logistic which will provide the e-vehicles for last mile delivery. The vehicles will be particularly used in delivering WayCool products to local kirana stores, supermarkets as well as end consumers in Bengaluru. “Sustainability is at the…

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Alapala completes mill renovation project for India’s Kodandaram Flour Mills

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INDIA – Alapala, a leading machinery producer and turnkey solution provider in grain milling industry, has successfully completed renovation works at the Kodandaram Flour Mill facility in India. Kodandaram Flour Mills is part of Parisons Group, one of the largest manufacturers and distributors of wheat flour and edible oils in South India. The Group has 6 flour mills having a total of over 800 tonnes per day (TPD) capacity along with 2 edible oil refining and extraction plants with 450 TPD total processing capacity. During renovation at the Kodandaram facility,…

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India approves production incentive scheme to encourage investment in food processing

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INDIA-  The government of India has introduced direct fiscal incentives in the form Production Linked Incentives (‘PLI’) to boost manufacturing in the country’s food processing sector. To ensure overall development of the sector, the food processing PLI policy targets 3 broad categories with specific incentives aimed at attracting more investments. Firstly, the policy provides sales based incentives ranging from 10% to 4% on incremental sales (whether domestic or exports) for large manufacturers operating in Ready to Cook/ Ready to Eat, Fruits & Vegetables, Marine & Mozzarella Cheese for a period…

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Swiggy raises US$800 million funding to bolster position in India’s online food delivery market

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INDIA – Online food delivery platform Swiggy has raised US$800 million in an oversubscribed funding round led by Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. Existing backers, Prosus Ventures (formerly Naspers), its largest shareholder, and venture fund Accel participated in the funding round which also saw participation from new investors such as the Qatar Investment Authority and GIC of Singapore. According to a report by ET Retail, the new round pegs Swiggy’s valuation at US$5 billion and is coming at a time when food delivery platforms are…

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Leading Indian distiller Tilaknagar Industries to manufacture products for Pernod Ricard

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INDIA – Tilaknagar Industries, one of India’s largest distillers, has signed a deal with French distiller Pernod Ricard to make their products at their Maharashtra manufacturing unit. Founded in 1933 as Maharashtra Sugar Mills, Tilaknagar Industries is among India’s ten largest distillers. It boasts of a diverse portfolio of brands in categories including brandy, whisky, vodka, gin and rum and sells Mansion House brandy. According to a statement from Tilaknagar Industries, the agreement with Pernod Ricard will be valid for the next ten years and could be extended to more…

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India’s food service industry, delivery platforms to take a hit as new restrictions hamper movement

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INDIA – India’s foodservice industry is set to suffer a new set back after the state governments of Delhi and Maharashtra imposed new restrictions to curb the recent spike in Covid-19 infections. Delhi has put in place night curfews starting from 10 pm and ending at 5 am. Maharashtra state which includes Mumbai has, on the other hand, imposed a stricter curfew, starting at 8 pm and ending at 7 am. Additionally, Maharashtra has imposed a total lockdown during the weekend starting on Friday at 8pm and ending on Monday…

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Amazon says altering India’s e-commerce investment rules could erode investor confidence, hurt small businesses

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INDIA –  E-commerce retail giant Amazon has called on the Indian government not to alter e-commerce investment rules as such a move could dent investor confidence in the sector and potentially have devastating consequences on suppliers and small businesses. Amazon calls come against a backdrop of disquiet among Indian retailers that foreign e-commerce giants like Amazon and Walmart backed flipkart were creating complex structures to bypass federal foreign investment rules and damage small traders. Both Flipkart and Amazon have denied any wrongdoing and say they are helping small businesses in…

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Starbucks opens 40 new coffee stores in India as KFC doubles down on women employment

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INDIA –  Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation, has continued its bullish expansion in India, venturing into 7 new cities and opening 40 new stores in its wake. This fiscal year has been eventful for Tata Starbucks in terms of expansion plans and reaching customers in newer cities and locations. In FY21, Starbucks opened stores in new cities such as Lucknow, Amritsar, Kochi, Ludhiana, Bhopal, Indore, and now Kanpur. Kanpur becomes the 18th city in India and second city in Uttar Pradesh…

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Vineet Sharma to head AB InBev’s marketing and new business development in South Asia

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INDIA – Belgium-based and World’s largest beer company AB InBev has appointed Vineet Sharma as Vice President incharge of marketing and new business development for South Asia. Sharma, who joined AB InBev in 2016, was the trade marketing director for South Asia before his promotion to the new role. “I am thrilled to embark on this new journey to accelerate AB InBev’s business transformation agenda in South Asia,” Vineet Sharma said. “I look forward to working closely with our teams, business associates and partners to lead the charge through a…

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Barry Callebaut inaugurates third factory in India as demand for high-quality chocolate soars

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INDIA – Leading manufacturer of high-quality chocolate and cocoa products, Barry Callebaut has inaugurated a new chocolate and compound manufacturing facility, located in Baramati, India. The Baramati facility is Barry Callebaut’s third factory in India and represents the company’s largest investment in the country to date. The new chocolate factory and warehouse includes an R&D lab and assembly lines capable of manufacturing chocolate and compound in different delivery formats. This will enable the company cater to the various needs of its customers – international food manufacturers, local confectioneries and semi-industrial…

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