French dairy company BEL to have joint venture with ParagFoods(India)

French dairy giant has shown interest in entering Indian cheese market . Cheese market other prominent players are Amul , Britannia and Daburs Le Bon .

Bel is already marketing its brand"" Laughing cow"'. Parag India foods has already in process of installing cheese processing plant in Karnatka , Andhra Pradesh , Tamilnadu .The upcoming plants shall produce mozarella, raw cheddar and seven offerings of premium processed cheese under a new brand name ‘Go’.
With these Parag Milk Foods Pvt ltd wants to be the market leader in the cheese market . Parag produces milk product by the brand name of " Govardhan "' .Its an USD 108million company.

Indian Cheese market is worth USD 90.0 million.

Source -Foodbizdaily

Pantaloon to acquire small food companies

Future group retail chain Pantaloon is keen on acquiring small companies for its food retail biz .
Confirming this was Mr Kishore Biyani ,Founder and CEO of the Future group without any names .

Future group has plans for promoting own private labels in their stores which has total turnover of Rs 100 crores . Future group wants to double its own private label food business .







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India to raise food pocessing level to 20% from 6%

Indian minister for food processing Mr Subodh Kant Sahay today announced in parliament that govts intends to raise the level of food processing from present 6% to 20% & India's contribution towards world food processing business to 3% from present 1.5% .

Explaining highlights of Vision 2015 for food processing which is prepared by ministry of food processing plans are set enhance food processing infrastructures , food parks , financial support to the entrepreneurs and tripling food processing industry size from present capacities .


The low level of fruit and vegetable processing is mainly due to non-availability of processable varieties of raw materials at right quantity and quality and lack of post harvest infrastructure like cold chain facilities, transportation, he said.
To another question, Sahai replied that the Ministry has no proposal to frame a new law in place of Food Safety and Standards Act, 2006.
He said the Centre has notified Food Safety and Standards Authority of India for laying down science-based standards to ensure availability of safe and wholesome food for human consumption.
The Health and Family Welfare is the nodal ministry for implementation of the Act, he added.

Source - PTI news