Category — Food Processing

India Approves Amazon’s $500 Million Investment in Food Retail

India’s Department of Industrial Policy and Promotion approved e-commerce major Amazon‘s proposed $500 million investment in retailing of food products in the country. The company will launch a wholly-owned subsidiary in India to stock food products and sell online.

Last year the government allowed 100 percent foreign direct investment for trading, including through e-commerce, in food products manufactured and produced in India. In 2016-17 (December to April) the food processing sector in the country received FDIs of $663.23 million, reports the Economic Times.

Amazon Logo

July 13, 2017   No Comments

U.S. FDA Eases Rules for Shrimp Exporters from India

The U.S. Food and Drug Administration (FDA) removed 140 Indian shrimp exporting entities from its ‘Detention Without Physical Examination’ list. “These exporters are exempted from detention but are subject to random examination by U.S. authorities, and the list is revised from time to time,” said an exporter.

Business Standard reports that in 2016-17 U.S.A. imported 188,617 tons of Indian seafood for $5.8 billion, which was about 22.7 percent greater in quantity over the previous year, and 30 percent higher in dollar terms.

According to the seafood industry, the latest move shows that the U.S. is satisfied with the testing mechanism and food standards maintained by India’s shrimp exporters. The alert has come at a time when the EU still operates enhanced testing of samples — at least 50 percent of consignments, compared to the previous 10 percent.

Shrimp

Shrimp

June 22, 2017   No Comments

India May Implement Food Fortification Regulations

The Food Safety and Standards Authority of India (FSSAI) is promoting the introduction of micro-nutrients in staple foods to fight malnutrition.

“We are trying to encourage brands to fortify their products. We are targeting five staple foods including rice, wheat, milk and edible oil for fortification,” FSSAI CEO Pawan Kumar Agarwal said at an interactive session with the Bharat Chamber of Commerce on food safety.

Business Standard reports that currently the government does not have any plans to make fortifying staple foods mandatory, but it will monitor the situation. “If voluntary acceptance is low then government may take steps to make it mandatory,” added Agarwal. 

If you have any queries or need more information on the Food Safety and Standards (Fortification of Foods) Regulations 2017, please contact us and we will respond.

Logo for Fortified Foods

June 20, 2017   No Comments

Coca-Cola Brings its ‘Fruit Circular Economy’ Concept to India

Atlanta-based Coca-Cola, its bottling partners, fruit suppliers, and processors in India, will invest $1.7 billion in India’s agricultural ecosystem over the next 5 years, according to the company. The company’s Fruit Circular Economy concept will span the entire supply chain from fruit orchards to the final product. “The investments announced today by Coca-Cola will further catalyze economic growth and create new opportunities for farmers and local suppliers,” said T. Krishnakumar, president, Coca-Cola India and Southwest Asia

Mango orchard

$800 million will be reserved for procuring fruit pulp and fruit concentrate for the company’s juice and juice drinks and carbonated drinks with juice products. The remaining will be invested on manufacturing lines, bottling infrastructure, fruit processing plants and equipment, and agriculture interventions that facilitate sustainable agriculture. Coca-Cola’s technology and production methods will conserve soil, water, energy and biological resources, reports the Business Standard. The company says that over 200,000 farmers will benefit from this plan of sourcing fruit pulp and fruit concentrate out of 2.10 million tons of fruit.

The company also procures and exports raw materials and ingredients worth $280 million from India to 44 countries.

 

June 19, 2017   No Comments

India’s Pepper Exports to U.S. Command Higher Price

With sellers of pepper demanding higher prices, India’s pepper market traded at a higher rate this month. Prices of imported Vietnam pepper and exchange-released pepper have also increased, market sources told Business Line.

Pepper

Indian export prices were at $8,400 a ton cf for Europe, and $8,650 a ton cf for U.S.A.

June 11, 2017   No Comments