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INDIA - The Tea Board of India has directed all tea manufacturing units to comply with norms stipulated by the Food Safety and Standards Authority of India (FSSAI) in a bid to boost tea quality. The state agency has called on the manufacturers to get their end product tested in NABL-accredited labs (the National Accreditation…
INDIA - Acacia gum manufacturer, Alland & Robert has announced a new joint venture with India’s Sayaji Industries for production of acacia gum for the Indian market. The 50:50 joint venture will allow Alland & Robert produce acacia gum targeting the agri-food, the pharmaceutical and the cosmetic industries. The partnership will carry a new name…
INDIA – Coffee Day Enterprises, the operator of the Indian café chain, Café Coffee Day has announced that it has agreed to sell 49% stake in its consultancy services business to Japan-based Impact HD Inc. The transaction is valued at US$15 million (Rs 104.45 crore) and will see Impact HD acquire a significant shareholding in…
INDIA – Coca-Cola has announced that it is set to launch its global sports drink Powerade in India within the next two months to take advantage of the growing sports drink market. The drink, set to launch ahead of ICC World Cup looks to compete PepsiCo’s Gatorade, according to an Economic Times report which has…
GHANA – Ghana has received US$150 million for India to boost the Strengthening of Agriculture Mechanisation Service Centres (AMSECs) Project that seeks to modernise the agricultural sector in the country. According to the minister of finance in Ghana, Mr Ken Ofori-Atta, the long term financing agreement between the two countries will improve availability and timely…
INDIA – The Food Safety and Standards Authority of India (FSSAI) has announced that alcoholic beverage makers will need to seek approvals from excise commissioners to adopt new labelling norms, including statutory warnings on liquor bottles. According to FSSAI CEO Pawan Kumar Agarwal, the new set of labelling regulations are expected to be fully operational…
INDIA – Uber’s plans to sell its Indian food delivery business, UberEats to rival Swiggy has been delayed as a result of tax and legal issues as well as other regulatory conditions. An ET Retail report which cites three people familiar with the matter indicates that in addition to failure to meet certain market and…
INDIA – The Dutch brewing company, Heineken has acquired a 2.8% stake in India’s leading beer manufacturer, United Breweries, expanding its reach in the country’s beer market. Heineken has purchased 7,400,000 shares of United Breweries Holding (UBHL) from the ED (Directorate of Enforcement), the government agency. According to sources familiar with the matter and identified…
INDIA – The Food Safety & Standards Authority of India (FSSAI) has said it will allow craft breweries to continue making beer with higher yeast content, reversing the yeast count restrictions imposed earlier in February. The news come as a relief to micro-breweries in the country as craft beers have yeast content as high as…
INDIA – India’s leading grocery retailer, BigBasket has raised US$150 million in funding led by South Korea’s Mirae Asset Management to expand its online platform. According to ET Retail report, the latest round which was also backed by UK’s development finance institution CDC Group, along with Chinese e-commerce giant Alibaba values BigBasket at close to…