Rasna acquires Jumpin from Hershey’s to expand into ready-to-drink category
Instant beverage maker Rasna on Monday announced that it has acquired the brand Jumpin from Hershey’s India for expanding into the ready-to-drink category. Rasna did not disclose the amount it has paid for the 100 per cent acquisition of the brand. However, it indicated that independent agencies have valued the brand at Rs 350 crore. […]
Bihar will play a pivotal role in positioning India as global food basket: Paswan
Maintaining that the vision of a ‘viksit Bihar’ is inseparable from ‘viksit Bharat’, Union Minister Chirag Paswan said the state’s fertile land and entrepreneurial spirit will play a pivotal role in positioning India as a global food basket. The Union Minister of Food Processing Industries said this while inaugurating the two-day ‘International Buyer Seller Meet […]
Kerry’s E Africa CEO Forum Unites 100 F&B leaders to reshape the industry’s future through insights and innovation
In a contribution towards transforming East Africa’s food and beverage landscape, Kerry, a global leader in taste and nutrition, in collaboration with Strathmore Agri-Food Innovation Center (SAFIC) at the Strathmore University Business School, convened over 100 influential leaders at the first CEO Forum. Themed “Insights and Innovations in the Food and Beverage Industry,” the event […]
Varun Beverages to acquire 50pc stake in Everest Industrial Lanka for USD3.75 mn
Varun Beverages Ltd, leading bottler of beverages major PepsiCo, on Monday said it will acquire 50 per cent stake of Everest Industrial Lanka for USD 3.75 million (about Rs 32 crore) Everest Industrial Lanka (Pvt) Ltd (EIL) is a company in Sri Lanka engaged in production, manufacturing, distribution and selling of commercial visi-coolers and related […]
Port restriction on import of certain goods from Bangladesh to India
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification imposing port restrictions on the import of certain goods such as Readymade garments, processed food items etc., from Bangladesh to India. However, such said port restriction will not apply to Bangladesh goods transiting through India but destined for Nepal […]
BENEO and WACKER launch human milk oligosaccharide within global strategic partnership
BENEO, a leading manufacturer of functional ingredients for food, feed and pharma, and WACKER, a European expert in biotechnology solutions for the food and pharma industry, are launching the human milk oligosaccharide (HMO) 2’-Fucosyllactose (2’-FL) globally. It is the predominant and most extensively studied HMO and will be available to the European market in the […]
