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India’s Spices Board has made testing for ethylene oxide (ETO) mandatory for all spices being exported to Hong Kong and Singapore, where authorities last month stopped sales of some products of two Indian spice brands on the ground that they contained high levels of ETO, a carcinogen. Testing has been made mandatory from May 6.
India Diamond Industry: India's diamond industry, heavily impacted by G7 sanctions on Russia, has received support from the African Diamond Producers Association (ADPA), which opposes the G7 diamond protocol. The G7 countries aim to prevent the entry of Russian diamonds into their markets. ADPA has expressed its discontent at not being included in the G7 discussions and rejected the protocol. The G7 block plans to ban the import of diamonds mined in Russia, including those cut and polished in other countries. This move could lead to supply chain disruptions and increased costs for diamond-prod...
In 2022-23, India's merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levy, it said.
India is set to make it mandatory for drugmakers to audit their raw material suppliers at least once a year, following concerns over the safety of its pharmaceutical industry. This comes after India-made cough syrups were linked to the deaths of 141 children worldwide. The move aims to reassure buyers and build trust in the industry.
Pure Play Brands: In comparison, China's BPC will grow 7% while Indonesia's market will expand 8%. India, that will account for nearly 5% of the global growth opportunity has per capita spends of $14 in BPC category compared with US which has the highest spends at $313 and China that spends $38 on a per capita basis.