Food And Beverages

Haldiram Snack, a leading player in the packaged food industry, will invest Rs 300 crore in Bihar to set up a manufacturing unit, said a company official here on Friday. The company, which manufactures sweets, namkeen, bhujia , snacks and other food items, has signed an MoU (memorandum of understanding) with the Bihar government to make an investment of Rs 300 crore, said its Vice President Sanjay Singhania. "We are setting up a manufacturing plant for sweets, namkeens and snacks in Bihar. We will be investing Rs 300 crore," Haldiram Snacks Pvt Ltd Vice President Sanjay Singhania told PTI on the sidelines of Bihar Business Connect 2024. The Agarwal family-promoted company has acquired a 12-acre land at Sikanderpur in Bihta to set up this plant. "The plant will be operational by mid-2027," he added. The state government is organizing a global investors summit -- Bihar Business Connect 2024 -- to attract investments. The second edition being held here has seen the signing of MoUs

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion

More than 11,000 Saksham Anganwadi centres will be inaugurated virtually during the closing ceremony of this year's Poshan Maah campaign in Ranchi on Monday. The Women and Child Development Ministry said Saksham Anganwadis are strengthened, upgraded and rejuvenated Anganwadis for improved nutrition and early childhood care and education (ECCE). Some of the special features of a Saksham Anganwadi Centre include improved infrastructure such as LED screens, water filtration system, material for ECCE, building as a learning aid (BALA) paintings and Poshan Vatika that gives access to diverse plants and herbs that help in fighting malnutrition. The event will be attended by Women and Child Development Minister Annapurna Devi, Jharkhand Governor Santosh Gangwar, the state's Minister for Women, Child Development and Social Security Baby Devi and Sanjay Seth, the Minister of State for Defence. The seventh Rashtriya Poshan Maah, celebrated from September 1 to 30, focused on key areas such as

West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver

Reducing wastage of perishable items through methods like cold storage and irradiation

Nestle India also noted that it sold 4.2 billion fingers of popular chocolate KitKat, making India its second-largest market

Coca-Cola India has approached four of the top Indian business families, seeking an investment of up to $1 billion as it eyes further expansion in the country

Talking about the National Food Security Act, he said that a system has already been set in place, adding that he will work towards strengthening it

The theatre chain's F&B sales generated Rs 1,958.4 crore in FY24, up from Rs 1,618 crore last year, whereas movie ticket revenue was Rs 3,279.9 crore in FY24, compared to Rs 2,751.4 crore in FY23

AI's application in food and beverage is a market worth $9.68 bn and it is expected to reach $48.99 bn by 2029

Wardwizard Foods and Beverages, maker of frozen and ready-to-eat foods, on Monday announced its foray into the US market following the USFDA registration. The Vadodara, Gujarat-based company will commence exporting to US market in the first quarter of this fiscal, according to a statement from the company. "The initial phase will focus on key cities including Chicago, New Jersey and Texas, where consumers will have the chance to indulge in the rich and authentic tastes of India's culinary offerings," it said. The firm offers convenient RTE (ready-to-eat) meals to frozen products, spices, savory sauces, condiments, and beverages. Chairperson and Managing Director Sheetal Bhalerao said: "The attainment of USFDA registration stands as a validation to our product quality and regulatory compliance.

Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola in India, has announced a Rs 350 crore investment in Madhya Pradesh for setting up two manufacturing lines at its Rajgarh plant. The announcement, made during the Regional Industry Conclave in Ujjain, takes HCCB's total investment in the state to more than Rs 660 crore, according to a statement. "The fresh infusion of capital will see the introduction of 2 new, state-of-the-art manufacturing lines at HCCB's factory in Rajgarh, that will produce Affordable Small Sparkling Packs (ASSP) and Juice Tetra Packs," the statement said. The expansion will not only boost HCCB's manufacturing capabilities but also significantly contribute to the state's economy, it added. The Madhya Pradesh government has assured support to facilitate HCCB in obtaining all necessary permissions, approvals and clearances in a time-bound manner. HCCB has already invested over Rs 311 crore in Madhya Pradesh since 2000 in its Rajgarh plant. The

TCPL aims to diversify into high-margin, value-added food segments beyond commodities through its acquisitions of Capital Foods and Organic India, valued at Rs 7,000 crore

Food and beverages company The Montana Group on Monday announced its foray into the lifestyle retail space with the opening of its flagship store Brands Unlimited in Noida. Brands Unlimited is set to redefine the retail experience, offering an unparalleled selection of luxury brands and products, with a wide array of premium brands in sportswear, fashion and accessories under one roof, according to the company. "We are dedicated to providing our customers with a one-of-a-kind shopping experience, offering a diverse range of premium brands and products that cater to their evolving tastes and needs...we have a pipeline of 15 stores over the next 3 years with a capital investment outlay of Rs 100 crore plus," said Monty Singh, Founder and Chairman of The Montana Group, as per the statement. The flagship store will be situated in the heart of Noida at Gulshan One29 complex, it said. Manoj Madhukar, Founder & CEO of The Montana Group, said, "Brands Unlimited is more than just a store, .

Executives said that the deal will be formalised and announced by the end of next quarter

The work on appropriate weights of various items could be completed once the household consumption expenditure survey is out

Within mini meals, it will look at the breakfast cereal, ready-to-eat, and snacks market, and also its protein platform, which includes plant-based meat and plant protein powders

The Indian food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday. "Post-Covid-19, the demand for natural food ingredients has surged. FSSAI's new regulations for nutraceuticals and organic foods are driving growth in the sector. Packaging has evolved from protection to marketing and sustainability. Trends like natural, organic, vegan, and GI-tagged products are reshaping the landscape," All India Food Processors Association, Western Region, chairman Prabodh Halde said in a statement on the last day of the Food Ingredients (Fi India) and ProPak India. The organised packaged ingredients market is valued at about Rs 20,000 crore annually, indicating a shift from loose to packaged products, he stated at the 17th edition of Food Ingredients (Fi India) and the 5th edition of ..

The FDA has also stated that even if the sweetener had been labelled as 'possibly carcinogenic', it would not necessarily mean it causes cancer

WHO issued new guidelines to protect children from unhealthy marketing of food and non-alcoholic beverages high in saturated fatty acids, trans-fatty acids, free sugars and/or salt (HFSS)