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India s processed food market is expected to grow to USD 470 billion by 2025: KPMG

Rural areas and tier 2/3 cities are expected to continue driving the demand for processed food. India s processed food market is expected to grow to USD 470 billion by 2025: KPMG ANI | Updated: Apr 29, 2021 12:16 IST New Delhi [India], April 29 (ANI): The Indian processed food market is expected to grow to USD 470 billion by 2025 from USD 263 billion (2019-20), professional services firm KPMG said in a report released on Thursday. Innovative products focused on wellness, health and nutrition are likely to see a huge opportunity in the domestic market. Adopting a collaborative approach is the key to catalyse growth in the industry, said the report.

Alkyl Amines rallies 11% in two days on fixing record date for stock split

Alkyl Amines rallies 11% in two days on fixing record date for stock split
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Govt approves 33 API applications with over Rs 5,000 cr committed investment under PLI scheme

Govt approves 33 API applications with over Rs 5,000 cr committed investment under PLI scheme Synopsis Department of Pharma has launched a PLI scheme for the promotion of domestic manufacturing by setting up greenfield plants in four different target segments with a total outlay of Rs 6,940 crore for the period 2020-21 to 2029-30. In total, 215 applications have been received for the 36 products spread across the 4 target segments, the Ministry of Chemicals and Fertilizers said in the release. The government has approved a total of 33 applications with a committed investment of Rs 5,082.65 crore under the production linked incentive scheme for active pharmaceutical ingredients, an official release said on Thursday. Setting up of these plants will make the country self-reliant to a large extent in respect of these bulk drugs, it noted.

Champion industry, aluminium, looks for 5% RoDTEP rate to boost exports

Champion industry, aluminium, looks for 5% RoDTEP rate to boost exports ​ By IANS | Published on ​ Thu, Mar 4 2021 14:27 IST | ​ 0 Views Aluminium.. Image Source: IANS News New Delhi, March 4 : The Ministry of Finance announced implementation of RoDTEP Scheme and extending benefit to all export goods with effect from April 1, 2021. This announcement is a huge relief for exporters post withdrawal of the MEIS and will provide much needed impetus to boost Indian exports. However, the pendency of notifying the sector-wise remission rates under RoDTEP Scheme is creating a precarious situation and uncertainty for Indian exporters due to ambiguity w.r.t. pricing of goods and thereby impacting Indian exports.

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