L Catterton partners with Haldiram, acquires stake in snacks major
L Catterton, a leading global consumer-focused investment firm, said it has entered into a strategic partnership with Haldiram and acquired a stake in the country’s leading snacks and food brand. L Catterton, which manages approximately USD 39 billion in equity capital, has not mentioned any details about investment or valuation at which it has acquired […]
Reliance Consumer Products picks up majority stake in TN’s Udhaiyams Agro Foods
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has acquired a majority stake in Udhaiyams Agro Foods Private Limited. Underthe joint venture agreement, RCPL holds a majority stake, while Udhaiyams’ erstwhile owners hold a minority stake in the company. The deal brings the food company and Tamil Nadu’s heritage nutrition brand, […]
Agilent Technologies opens India refurbishment center
Agilent Technologies Inc. (NYSE: A), a global leader in life sciences, diagnostics, and applied chemical markets, announced the inauguration of its India Refurbishment Center at its LEED Platinum-certified facility in Manesar, Haryana. This strategic investment reinforces Agilent’s focus on sustainable science and affordability in one of its fastest-growing markets. The India Refurbishment Center will deliver […]
India’s agri, processed food items to get duty-free access to Oman under trade pact
A host of India’s agricultural and processed food items, such as natural honey, fresh eggs, cashew, potatoes, boneless meat and bakery products, will get duty-free access to Oman under the newly signed trade pact, giving a boost to exports of these goods. Oman has offered to remove duties on various animal products, such as cheese, […]
Govt support for small-scale food processing: Incentives, schemes, and district-level impact
Specific data regarding reduction of number of local small-scale food processing units after the entry of multinational food processing companies is not available in the Ministry of Food Processing Industries (MoFPI). MoFPI does not setup any food processing industry on its own. However, it incentivizes setting up of such industries including small scale through its […]
MoFPI boosts millet-based products and supports micro & large food processors
In order to promote and ensure overall development of Food Processing Industries, Ministry of Food Processing Industries (MoFPI) has been incentivizing setting up/ expansion of related infrastructure, including Millet processing units through its two Central Sector Scheme viz. Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) and a […]
