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Orkla, a Norwegian investment firm, noted similarities in India's food preferences with some European countries but highlighted the market's complexity and heightened competition due to the growing popularity of branded spices. Orkla, which owns MTR and Eastern Condiments, emphasizes the importance of understanding regional variations in India,
While family businesses constitute about 75% of the Indian economy a whopping 90% of them are MSMEs. The new book 'Beyond Three Generations: The Definitive Guide to Building Enduring Indian Family Businesses' profiles a dozen such enterprises, their business dimensions and what such firms should not do.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
Orkla is to reorganise its operations in India as part of the Norway-based group’s corporate overhaul announced last year.
MTR Foods and Eastern Condiments have been consolidated under one entity, Orkla India and Sanjay Sharma has been named as CEO.