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Food & Beverages

The Gujarat Cooperative Milk Marketing Federation Ltd, owner of dairy brand Amul, announced the launch of camel milk in select markets of Gujarat. Branded as ‘Amul Camel Milk’, it would be available in Ahmedabad, Gandhinagar and Kutch.  Camel milk is easy to digest and healthy milk with numerous benefits, most prominent of which is that the […]

Online grocery firm BigBasket is increasing its focus on organic food products, and expects this segment to contribute around Rs 250 crore to its overall revenues in financial year 2019-20 (FY20). The Bengaluru-headquartered firm unveiled new gluten-free and healthy products under ‘bb GoodDiet’ range at the Organics & Millets 2019 International Trade Fair here. https://www.business-standard.com/article/companies/bigbasket-eyes-around-rs-250-crore-revenue-from-organic-food-business-119012000645_1.html

French dairy group Lactalis has signed a definitive agreement to buy the milk-processing business of Maharashtra-based Prabhat Dairy for about Rs 1,700 crore through a slump sale. Lactalis’ local arm, Tirumala Milk Products, will acquire Prabhat’s dairy business as well as its step-down subsidiary Sunfresh Agro Industries through a share purchase agreement. https://economictimes.indiatimes.com/industry/cons-products/food/lactalis-to-buy-prabhat-dairy-business-for-rs-1700-crore/articleshow/67631900.cms

Danone is leading an investment of Rs 182 crore into local yogurt maker Epigamia, a move that will help the company retain a presence in the market although a top company executive downplayed speculation of a revival of the company’s past plans. Danone exited its dairy operations in India last year it has continued to […]

Chennai-based Agri-tech start-up WayCool has raised Rs 120 crore, as a combination of equity and debt from LGT Impact, prominent angels, and institutional lenders, including Northern Arc Capital and Caspian.  It is currently handling 150 tonnes of food produce daily, across these locations. Over 70 per cent of its tonnage is sourced directly from farmers and […]

Exactly a year after announcing its exit from the dairy business in India, French multinational food products giant Danone is leading an investment of Rs 182 crore into local yogurt maker Epigamia, a move that will help the company retain a presence in the market although a top company executive downplayed speculation of a revival […]

United Arab Emirates and Saudi Arabia have decided to make India as a base for food security for the countries and plan to invest in both organic and food processing industries. Speaking to media at the Partnership Summit organised by the Confederation of Indian Industries (CII) held in Mumbai, that the development comes at a […]

RJ Corp-owned Varun Beverages Ltd (VBL) is in advanced talks to acquire PepsiCo’s bottling, sales and distribution in the south and west for its carbonated drinks business, giving it nationwide control of these functions, two executives aware of the development. https://economictimes.indiatimes.com/industry/cons-products/food/varun-beverages-ltd-may-drink-up-pepsicos-bottling-operations/articleshow/67519433.cms

Prabhat Dairy is entering the animal nutrition business, which includes cattle feed, nutrition supplements and animal genetics, in association with the Denmark-based DLG which is into high-quality vitamin- mineral feeds for the livestock. https://economictimes.indiatimes.com/industry/cons-products/food/prabhat-dairy-enters-animal-nutrition-area-ropes-in-danish-company/articleshow/67437020.cms

Prabhat Dairy, a milk and dairy products manufacturer, has signed a strategic alliance with Denmark-based DLG Group, as part of its plans to foray into animal nutrition business. For the Mumbai-based firm, this is part of its planned backward integration as intends to venture into animal nutrition business. https://www.thehindubusinessline.com/todays-paper/tp-news/article25905529.ece