Seasonings and flavorings firm McCormick has signed an agreement to purchase a 26 percent share in Eastern Condiments Private Limited, an India-based spice and seasoning business, the company has said.
Around US$30bn worth of investment is needed to “revolutionise” India’s food processing sector to boost the volume of processed products to 10 per cent of overall output by 2015, according to a new report.
The Indian Government has unveiled proposals to double the size of its food processing industry within the next five years by increasing funding and improving technology and infrastructure in the sector.
Joint ventures in food processing and food retailing are planned by the Netherlands in India’s eastern and north-eastern states - providing it can find partners able to comply with international safety standards, according to the publication Business...
India urgently needs a national food processing policy which incorporates tax breaks for the sector, the nation’s Prime Minister Manmohan Singh told a conference of state food processing ministers this week.
A shortfall of 10m tons of cold storage facilities for agriculture produce is holding back the nation’s food industry including its rapidly developing food processing sector, according to a new report from financial specialists KPMG and Assocham; the...
Formulation of a separate policy for food processing and a targeted R&D programme to boost processing and packaging technologies are two of the latest proposals unveiled by the Indian government for the sector.