A gas leak on New Zealand’s upper North Island forced the closure of many food factories in the affected area, stifling production and increasing concerns for the country’s economy.
The food processing industry in India will be forced to adopt new technologies and improve their productivity if the foreign direct investment into multi-brand retail is allowed.
Direct foreign investment in the Indian food processing industry rocketed 175 per cent during 2009-10 to reach $279.33m and now plays an important role in developing the sector, according to the national government.
China Food Industries has announced plans to triple the size of its
cold room facilities, despite announcing a fall in sales for the
full year ending in December.
A new laboratory in southern India will provide food manufacturers
with a range of services in the domain of food technology.
Technical support for the project will be provided by the UK-based
Reading Scientific Services.