The Tamil Nadu Food grains Merchants Association has come out strongly against any move to open up the retail sector for foreign direct investment (FDI) and multinational corporations.
Food Processing Industries in Arunachal Pradesh can be started as a missionary zeal said the Union Minister for Food Processing Industries, Subodh Kant Sahai while expressing his concern over lack of proposals from investors to set up industries in Arunachal Pradesh despite its vast potential.
Wal-Mart Stores Inc, the world’s biggest retailer, will accelerate its rollout of wholesale stores in India, a crucial growth market that has long frustrated overseas operators with restrictive rules.
India has set a target of exporting organic food worth $1 billion in the next five years with its produce receiving wide acceptance in many mature markets of the US and Europe, a top official said on Saturday.
When Scott Price, president and CEO of Wal-Mart Asia, visited India last month, he talked about helping the country become food basket of the world and sourcing $1-billion worth of goods from here.
Bharti Wal-Mart wants to source $1-billion worth of goods from India and help the country become a food exporter, says Scott Price, president and CEO of Wal-Mart Asia.
Chief Executive Howard Schultz also told Reuters in an interview that Starbucks would launch an iced version of its Via brand instant coffee in the United States, adding to a product line it says will turn into a multi-billion dollar business.
Global cola major PepsiCo aims to triple its USD 10 billion health drink business over the next 10 years as it sees “huge growth areas” for its ‘Good for You’ drinks, the company’s Chairman and CEO Indra Nooyi said.
India needs an investment of almost Rs 1 lakh crore in the food processing industry to raise its percentage to 25 per cent of the total agricultural produce annually.
Milk accounts for 14.9 per cent of the average rural family’s spending on food. The figure stands higher, at 18.3 per cent, for urban India, according to a survey done by the National Sample Survey Oraganisation (NSSO) on household consumer expenditure for 2007-08 (July-June).
