ASPA & GS1 India sign MoU to strengthen anti-counterfeiting ecosystems
Realizing the magnitude of damage caused by counterfeiting to the Indian economy, brands, and consumers, Authentication Solutions Providers' Association (ASPA) and GS1 India have joined hands to fight against counterfeiting to the next level...
Convergent Finance invests US $14.1 million in Jyoti International Foods
Convergent Finance, the investment advisors to Infinity Investment Management, announced an investment of Rs 1,070 million (US $14.1 million) in Pune-based Jyoti International Foods (‘Jyoti’). Jyoti International Foods is one of the leading companies...
Mekitec releases X-ray inspection system for beverages, liquids and solid foods
Finland’s Mekitec Group, a manufacturer of food quality control systems based on X-ray technology, has launched a new inspection system, Sidemeki, targeted for the product safety and quality control needs of food and beverage...
Atmanirbhar Bharat – opportunities for the food industry
Prime Minister Narendra Modi’s Rs 20 lakh crore plan for Atmanirbhar Bharat (self-reliant India) speaks of self-reliance. It was first mentioned on 12 May 2020 as ‘Atmanirbhar Bharat Abhiyan’ during the announcement of the Covid-19 related economic...
MoFPI reviews 36 projects under Agro-processing Cluster scheme
Union Minister of Food Processing Industries Harsimrat Kaur Badal held video conferences with the promoters of the ongoing Agro-processing Clusters (APCs) supported by the Ministry of Food Processing Industries (MoFPI) under the Scheme for...
Stride Ventures backs Stellapps with fresh round of debt funding
Stride Ventures, one of India’s leading venture debt funds, has invested an undisclosed amount in portfolio company Stellapps Technologies, an Internet of Things (IoT) firm operating in the dairy supply chain. This investment by...
Food startups struggle for survival amid Covid-19
When the Covid-19 pandemic and the ensuing lockdown pushed most businesses to a grinding halt, food startups were no exception. The prolonged lockdown is making a way to ‘Unlock 1.0,’ but the struggle of...
Kumar Labels’ continuous alcobev innovations
According to a recent study by Package Insight, labels stimulate consumer attention to buy new products. Exciting label design trends have penetrated every corner of the food and beverage market. Moreover, brands are exploring...
Tetra Pak supports Amul to run uninterrupted operations amid Covid-19
Tetra Pak states that most of its customers worldwide have been facing unforeseen challenges due to supply chain disruptions resulting from Covid-19 lockdowns and travel restrictions. At the same time, consumer demands have changed...
Snowman Logistics to start warehouse expansion
Snowman Logistics recorded revenue in the last quarter (March 31 2020) of Rs 60.98 crore as against Rs 59.80 crore for the same period in the previous year. EBITDA decreased to Rs 15.39 crore...