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India-EFTA trade deal set to boost gem & jewellery exports, industry optimistic
The Gem & Jewellery Export Promotion Council (GJEPC) anticipates that the Trade and Economic Partnership Agreement between India and the European Free Trade Association...
NITI Aayog maps out strategy to boost exports from MSMEs, unveils comprehensive roadmap
NITI Aayog has suggested a range of initiatives aimed at enhancing exports from micro, small, and medium enterprises (MSMEs). These measures include establishing a...
Ambani pre-wedding glamour triggers surge in gemstone jewellery: Indian jewellers respond with luxury lines
The recent Ambani pre-wedding celebrations in Jamnagar have captured headlines in more ways than one. The array of premium handcrafted jewellery worn by the...
India’s vegetable oil imports decline 13% in February to 9.75 Lakh Tonne: SEA
India's vegetable oils import fell 13 per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data. In a statement on...
FSSAI to introduce stricter regulations for nutraceuticals and health supplements amid rising concerns over non-compliant products
The Food Safety and Standards Authority of India (FSSAI) is working on making regulations for nutraceuticals and health supplements more stringent after finding many...
India-EFTA trade agreement set to boost domestic wine industry: CIABC
Alcoholic beverages makers' body CIABC on Monday said the free trade agreement between India and four European nation bloc EFTA will help push the...
Wedding-related expenditure remains subdued in FY24, luxury products buck trend, says industry executives
Wedding-related expenditure has remained muted this fiscal year, unlike FY23, as several company chief executives have observed. This can be attributed to the absence...
CBIC to compile catalog addressing classification discrepancies leading to Litigation in FMCG sector
The Central Board of Indirect Taxes and Customs (CBIC) is in the process of compiling a catalog of items that become subjects of litigation...
Investor appetite grows for homegrown food and beverage startups as demand skyrockets
A plethora of homegrown food and beverage brands across categories such as pizzas, bubble teas, and burgers are drawing funding from early-stage institutional investors...
McDonald’s India controversy highlights need for transparency in food industry, says GlobalData Report
Given the evolving lifestyles where dining out is now commonplace rather than an occasional treat, foodservice providers must prioritize offering healthy and safe choices....
FMCG companies and Kirana stores gear up for summer: Dairy and beverage sales spike across India
Cities throughout India are experiencing the onset of the early summer season, marked by intense heat and temperatures surpassing the usual. This seasonal transition...
ISWAI calls for inflation-based pricing model to combat shrinking margins in liquor industry
Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due...