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India targets boost in agricultural value-added exports; alcoholic beverages and jam among 12 key items for export push

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jam
(Representative Image)

India aims to boost the export of agricultural value-added goods by collaborating with retail chains and supermarkets in nations such as the United Arab Emirates. The commerce department has pinpointed 12 value-added food items, encompassing jams, jellies, and marmalades, alcoholic beverages, fruit pulp products, dehydrated vegetables, and ready-to-eat products for this endeavor.

“We intend to focus on a select few products and encourage exports. These are a few value-added products that we are confident will provide results,” stated an official, who did not wish to be identified.

Biscuits, confectionery items, mango pulp, value-added mango products, as well as preserved gherkins and cucumbers are also included in the list.

Continue Exploring: India’s fresh fruit exports surge by 29%, market presence expands to 111 countries

“There is no specific target set for the export of these 12 categories. We anticipate a boost from the free trade agreements recently established,” the official commented. They further mentioned that the strategy includes promotional activities, consultations with stakeholders, and collaborations with supermarkets and retail chains, particularly in the UAE, the EU, and the US.

In the fiscal year 2022-23, India’s processed food exports reached $10.6 billion, marking a compound annual growth rate of 22.4% over the past five years. Meanwhile, the total agricultural and food exports stood at approximately $53 billion, with a year-on-year growth of 6%. India targets to elevate its agricultural exports to $100 billion by 2029-30, up from the current $53 billion.

Agricultural products make up nearly 11% of India’s total export value. Globally, India stands at the eighth position in agricultural exports, holding a 2.45% share in 2022.

Furthermore, since these are processed foods, the official noted that import restrictions from purchasing countries would likely be minimal.

The department intends to conduct a market-specific analysis of products that can be readily exported and also aims to focus on countries that currently import similar goods from other nations but not from India. This would involve identifying the necessary certifications, standards, and export compliances to facilitate business and exports. Agriculture is one of the six priority sectors projected to contribute approximately $670 billion to exports by 2029-30. India’s total exports in 2022-23 amounted to $451.07 billion.

Continue Exploring: Indian coffee exports set to soar by 10% in 2024, fueled by global price rally and European demand

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India’s Rogan Josh and Galouti Kebab ranked among Top 100 Lamb Dishes Globally

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Rogan Josh and Galouti Kebab
Rogan Josh and Galouti Kebab

India is renowned for its rich vegetarian cuisine, yet amidst the myriad vegetable-based delicacies, there exists a treasure trove of distinctive non-vegetarian dishes steeped in history, often overlooked. In a recent survey conducted by Taste Atlas, a digital platform ranking culinary delights, India’s Rogan Josh and Galouti Kebab claimed the 26th and 27th spots respectively among the top 100 lamb dishes worldwide.

The top five positions were dominated by Greece’s Paidakia, a dish of marinated lamb chops, followed by Turkey’s Cag kebab, Doner Kebab, and Adana Kebab. Spain’s Lecahzo rounded out the list in fifth place.

Let’s delve deeper into these two iconic dishes from Northern India.

Rogan Josh:

Rogan Josh, which comes from Kashmir, is well-known for its intense flavours and vivid red hue. The Persian origin of the name “Rogan” means “clarified butter or oil,” while the Hindi translation is “red.” “Josh” denotes ardour, frequently smouldering or heated. Thus, cooking in a hot, oil-based sauce is what makes rogan josh. The Mughals brought this dish to Kashmir as a result of their influence on Persian food.

Adapted to suit the distinct palate and cooking techniques of Kashmir, the dish underwent modifications from its original form. Despite the predominantly vegetarian menu of Kashmiri Brahmins, Rogan Josh became a staple in their regular diet. Their rendition omits onions and garlic, opting instead for fennel seeds and hing to enhance flavor, resulting in a delightful fusion with the lamb. In contrast, the Mughal version features abundant amounts of ginger and garlic.

Continue Exploring: Indian cuisine ranked 11th best in the world by TasteAtlas

Typically, rogan josh is prepared with slow-cooked lamb or goat, oil, yoghurt, and a variety of spices. Despite its bright red colour, it is usually not overly spicy. Rogan josh remains a popular dish in Northern India, and it is frequently found on the restaurant menus in the United States and Europe.

Galouti Kebab:

A classic dish in Lucknowi cuisine, this kebab from Uttar Pradesh traces its origins back to the era of the Nawabs of Awadh. Emerging from the royal kitchens in the late 17th century, the galouti or Tunday kebab was initially created for Nawab Mirza Asad-ud-Daula, known for his extravagant hospitality and culinary enthusiasm. With a penchant for meat dishes, particularly kebabs, the Nawab maintained a specialized team of chefs who continuously experimented to offer him an assortment of kebabs.

The term “galouti” translates to something that melts in the mouth, and indeed, this kebab lives up to its name, effortlessly dissolving upon tasting. Despite aging and encountering dental issues, the Nawab’s fondness for kebabs persisted. To accommodate his palate and ease of consumption, the royal chefs ingeniously devised the galouti kebab. Incorporating raw papaya paste into minced mutton, they achieved a soft, melt-in-the-mouth texture, ensuring the Nawab could enjoy his favorite dish with ease.

Traditionally, galouti kebabs feature tenderized minced meat, often sourced from goat or lamb, though variations with beef and chicken are also popular. The meat undergoes a meticulous hand-mincing process before being marinated with a blend of aromatic spices like cloves, cinnamon, cardamom, nutmeg, and mace.

Skillfully shaped into small, flat patties, the marinated meat mixture is cooked on a griddle over low heat, generously brushed with clarified butter. Galouti kebabs are traditionally served with parathas or rumali roti.

These two Indian dishes have become staples across the country and indeed around the world. However, they represent just a small portion of the numerous delectable non-vegetarian recipes that contribute to the rich culinary tapestry of the country.

Continue Exploring: Indian classic ‘Rajma Chawal’ earns global acclaim, ranks high on Taste Atlas’ Finest Bean Dishes List

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Hotel investments in India surged to $401 Million in 2023, reveals JLL Report

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SAMHI hotel
(Representative Image)

According to JLL India’s ‘Hotel Investment Trends – India 2023’ report, India’s hospitality industry saw a remarkable investment activity of $401 million in 2023. This marked a nearly fourfold increase from the previous year’s investment of 2022.

In 2023, JLL noted a peak of 22 hotel transactions, the most significant volume of asset exchanges in the past decade. High net worth individuals and institutional investors were predominantly responsible for driving this increased transaction activity.

The report highlights a notable 80% year-on-year surge in hotel transaction volumes, totaling $78 million for the first quarter of the calendar year 2024, spanning from January to March.

In 2023, the hotel industry witnessed a record number of signings and openings, with 25,176 keys signed and 12,647 keys opened. Additionally, greenfield projects accounted for 13,600 keys in 2023, showing a significant increase from 8,000 keys in 2022. This growth underscores developers’ confidence in the sector’s long-term growth potential.

Continue Exploring: India’s hospitality sector records 15.8% year-on-year RevPAR growth in Q4 2023: JLL Report

Jaideep Dang, who serves as the Managing Director of the Hotels and Hospitality Group for India at JLL, remarked that 2024 has begun with robust momentum, evidenced by notable hotel deals occurring early in the year.

“2023 has been a record year for hotel investments as well as for the opening and hiring of new, branded hotels. The strong performance of hotel stocks, which also gave confidence to hospitality businesses entering public markets and achieving good valuations, has further bolstered the sector’s enthusiasm, he said.

“We anticipate that this development will continue in 2024 due to a variety of growth avenues, including expanding commercial office markets, the construction of new airports and motorways, and an increase in pilgrimage travel, which will result in the emergence of new real estate and tourism hotspots across the nation,” he continued.

Continue Exploring: Ayodhya’s hotel industry booms: Investors pour INR 420 Crore into hospitality projects as Ram Temple spurs tourism growth

There were five transactions conducted through the insolvency resolution process by the National Company Law Tribunal (NCLT) in 2023, representing 33% of the total transaction value, which amounts to $133 million.

JLL reported a growing interest in hotel development activity in tier two cities, with 54% of the total signings occurring in these areas. Approximately 25% of last year’s total transaction value was attributed to under-construction hotels in both business and leisure destinations.

The upper upscale segment recorded the highest number of keys exchanged, followed by the upscale, luxury, and midscale segments. Although management contracts still make up the majority of signings, accounting for 78% of the total number of keys, there has been a significant rise in lease and revenue-sharing models across various tiers, making up 4% of the total keys signed. According to the JLL report, the performance of the commercial sector has directly benefited major urban centers. Tier one cities saw the highest number of keys signed since 2020, with a notable increase of 31% compared to 2022.

Continue Exploring: Indian hospitality industry set for a record-breaking 2024: Surge in new hotel rooms expected

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Royal Orchid Hotels to expand footprint in India with 30-35 new properties in the coming year

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Royal Orchid Hotel
Royal Orchid Hotel

Royal Orchid Hotels is set to expand its reach across India in the fiscal year 2024-25, with plans to add 30-35 new properties comprising approximately 2,000 rooms. This expansion, as announced by Chairman and Managing Director Chander K Baljee, also includes a strategic focus on enhancing its wedding destination portfolio by introducing four to five new locations each year.

“We’re experiencing rapid expansion. Having already surpassed the milestone of 100 hotels, I anticipate that in the upcoming year (2024-25), we’ll be adding another 30-35 hotels,” stated Baljee.

Regarding the locations for these new hotels, he mentioned, “We’re considering various regions across India. Specifically, we’re aiming to establish a presence in areas where we currently don’t operate, such as Andhra Pradesh, Telangana, and other select locations.”

When questioned about the total room count expected from the new properties, he remarked, “I estimate that there will be an addition of around 2,000 rooms.”

Continue Exploring: Indian hospitality industry set for a record-breaking 2024: Surge in new hotel rooms expected

He explained that these new properties will span various segments under management contracts. He added that while there won’t be any company-owned properties, some will operate under a flexi-lease revenue-sharing model.

Regarding job creation through the new hotels, he remarked, “We are actively conducting training sessions for numerous individuals ourselves. Typically, for every room, there’s at least one staff member. With the addition of 2,000 rooms, we anticipate hiring 2,000 individuals.”

With Prime Minister Narendra Modi spearheading the promotion of India as a wedding destination, Baljee noted that the company is intensifying its endeavors to participate in this initiative.

“At present, we manage 20 wedding locations across the country…”We are planning to add more wedding locations, with the goal of adding four or five every year,” he said. He went on to say that these might be in a variety of locations, such as beachfront venues, hillside places, heritage resorts, or wildlife resorts.

Royal Orchid Hotels currently operates in more than 65 places across India and in nearby nations like Nepal and Sri Lanka.

Continue Exploring: Royal Orchid & Regenta Hotels unveil luxurious Regenta Inn Bhavani in Nellore

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Zomato’s GST saga continues: Karnataka tax authority slaps INR 23 Crore demand

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Zomato
Zomato

Foodtech giant Zomato has received a tax demand, along with interest and penalty, totaling INR 23 crore from the Karnataka commercial taxes authority. The Gurgaon-based company disclosed this in a stock exchange filing on Sunday, stating that the tax notice has been issued for availing excess input tax credit under the Goods and Services Tax (GST) rules.

“In its response to the show cause notice, the company provided clarification on the issue supported by pertinent documents and legal precedents. However, it seems that the authorities did not acknowledge this information when issuing the order,” stated Zomato in the filing. “The company is confident in its strong defence and expects no financial consequences from this matter before the appellate authority.”

The INR 23 crore tax demand closely follows a similar notice for INR 8.6 crore, issued to Zomato by the deputy commissioner of state tax, Gujarat, on March 15.

Continue Exploring: Zomato faces INR 8.6 Cr GST penalty notice from Gujarat State Tax Authority

These came after a series of notices issued to Zomato by tax authorities throughout the country.

On December 30 and 31, 2023, the company was issued three demand orders by authorities in Delhi and Karnataka for an alleged short payment of GST in 2018 totaling INR 4.2 crore. According to the company, the first order from the Delhi sales tax office related to an alleged shortfall in GST in annual returns and failure to reverse input tax credit for exempted supplies. This order imposed a demand of INR 2.3 crore, inclusive of penalties.

Continue Exploring: Fresh trouble for Zomato as tax authorities seek INR 4.2 Crore in unpaid GST

In the subsequent instance, Zomato had stated its intention to remit INR 40,611 as extra interest, acknowledging an error in calculating the interest due to the government on the surplus input tax credit reversed by the company. In the third tax demand, mirroring the INR 402 crore show-cause notice from the GST authorities, the Karnataka GST department sought INR 1.9 crore, incorporating penalties and interest.

On December 28 last year, it was reported that Zomato received a notice regarding INR 402 crore of unpaid GST on delivery fees collected from customers. The company contends that it isn’t responsible for paying these taxes as it merely collects fees on behalf of its delivery partners.

Read Other Articles: Zomato receives INR 401.7 Crore show cause notice from GST authority over unpaid taxes

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Bisk Farm expands portfolio with delectable ‘So Sweet Coconut’ cracker biscuits

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So Sweet Coconut biscuit
So Sweet Coconut biscuit

Bisk Farm, a prominent biscuit & bakery brand in India under the umbrella of SAJ Food, renowned for its delectable assortment of treats, presents its latest temptation, ‘So Sweet Coconut,’ an exciting addition to its cracker biscuits lineup. Each mouthful offers a delightful blend, combining the fulfilling crunch of the biscuit with the exotic sweetness of coconut.

This golden-brown, lightly crunchy cracker biscuit features a sugary coating, crafting a harmonious fusion generously enriched with the goodness of coconut. ‘So Sweet Coconut’ is the perfect choice for daily snacking, whether enjoyed during tea time or as a quick pick-me-up snack.

Continue Exploring: Kolkata-based Bisk Farm eyes expansion: Plans to acquire regional brands, targeting national market share growth

“At Bisk Farm, our focus lies in crafting treats that not merely satiate cravings but also bring joy to taste buds,” stated Vijay Kumar Singh, Managing Director of SAJ Food Products. “We are excited to present a delicious experience for the whole family with the launch of ‘So Sweet Coconut.’ This sweet and light treat is ideal as a snack at any time. We think the new addition will quickly become a family favourite.”

The latest range of cracker biscuits comes in two sizes: 200 gms and 67 gms, priced at INR 35 and INR 10 respectively. The product is available at all major retail outlets.

Continue Exploring: Bisk Farm taps actress Rashmika Mandanna as brand ambassador, eyes Southern India market

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Del Taco launches irresistible $3 breakfast deals

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Del Taco’s Crispy Chicken Tacos
Del Taco’s Crispy Chicken Tacos

Mexican quick-service restaurant chain Del Taco is rolling out a limited-time promotion, offering its Crispy Chicken Tacos and Egg & Cheese Breakfast Rollers at a price of two for $3.

On the promotional menu are the Crispy Chicken Taco, featuring a crispy chicken strip, shredded lettuce, cheddar cheese, and a variety of sauces, alongside the Egg & Cheese Breakfast Roller, comprising scrambled eggs, cheddar cheese, and red sauce wrapped in a flour tortilla.

According to the company, members of the Del Yeah! Rewards program can enjoy extra savings by receiving a complimentary Iced or Hot Coffee with any purchase made through the app.

Sarah McAloon, chief administrative officer of Del Taco, stated, “Del continues to offer our customers with high quality, fresh, and affordable options in times of ever-increasing prices.”

Continue Exploring: Taco Bell launches Mexican-inspired frozen coffees and shakes in California

“Our new two-for-three offers on our wildly popular Crispy Chicken Tacos and Egg & Cheese Breakfast Rollers underscore our unwavering dedication to serving fresh food quickly at affordable prices.”

Additionally, the restaurant chain has added a fresh item to its dessert menu: the Snickerdoodle Shake.

This handcrafted vanilla shake is blended with cookie crumbles and sprinkled with cinnamon sugar.

Last month, Del Taco expanded its footprint in Alabama, USA, with the opening of a Fresh Flex location in Opelika at 3065 Pepperell Parkway.

This marked the third establishment for franchisee Clay Gullatt, who hails from Alabama.

During that month, the company collaborated with Stone Brewing to introduce Beer Battered Crispy Fish Tacos, utilizing Stone Buenaveza Salt & Lime Lager. These tacos, showcasing wild-caught Alaska Pollock in a crispy beer batter, were introduced for a limited time, available at two for $5.

Continue Exploring: Taco Bell and Kraft Heinz unveil craving kits, allowing fans to recreate iconic fast-food flavors at home

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TGI Fridays offers a refreshing respite with new ‘The Tax Break’ cocktail

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The Tax Break cocktail
The Tax Break cocktail

TGI Fridays, the casual restaurant chain, has unveiled a fresh cocktail called The Tax Break, aiming to offer a revitalizing escape amidst the tax season hustle.

Between April 2nd and April 30th, customers can enjoy a special offer featuring a margarita concoction crafted with 1800 Silver Tequila, citrus, agave, strawberry, and passionfruit.

Moreover, patrons have the option to enjoy the beverage accompanied by a side of Hennessy VS.

The Tax Break cocktail will be on offer at select TGI Fridays venues for $7.

Continue Exploring: Diageo’s Captain Morgan unveils exciting line of RTD cocktail-inspired malt beverages!

Weldon Spangler, CEO of TGI Fridays, stated, “We’re experts at creating the ideal drink to bring That Fridays FeelingTM to any and every moment. As a brand known for its iconic bar.”

“We are aware that many people find tax season to be a stressful time, so we’re turning the tables and providing our guests with a lighthearted diversion to lighten their day a bit.”

The brand is also promoting its new $5 Happy Hour, which includes a variety of drinks and appetizers.

The $5 Happy Hour is offered Monday through Friday, running from 3 pm to 6 pm and again from 9 pm until closing.

Included in the lineup are hand-crafted cocktails, craft beers, and spirits like Tito’s Handmade Vodka and Bulleit Bourbon.

Patrons can indulge in signature bar bites such as Loaded Potato Skins and Whiskey-Glazed Chicken Slammers.

TGI Fridays will additionally provide its Rewards members with a complimentary entrée upon purchasing one entrée of equal or lesser value.

The Fridays Rewards program also grants benefits such as complimentary chips and salsa or a $3 discount on any appetizer.

Ray Blanchette, the former CEO of TGI Fridays, purchased eight corporately owned locations in the northeastern US earlier this year. The transaction’s financial specifics are still private.

Continue Exploring: Dr. Dre and Snoop Dogg collaborate to launch ‘Gin & Juice’ canned cocktails

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UK brewer Adnams names Jenny Hanlon as new CEO

Jenny Hanlon
Jenny Hanlon

UK brewer and pub group Adnams has appointed its CFO, Jenny Hanlon, as the new CEO, succeeding the retiring Dr. Andy Wood.

Hanlon joined the brewer’s board in 2020 and has been a part of the company ever since. She was previously working at Greene King, Barclays, and GPR Group in financial responsibilities. She will assume leadership on July 1st.

She takes over from Dr. Wood, who has been Adnams’ CEO since 2010. Adnams stated that he will continue in a consultancy role until the end of the year.

“Looking forward, it’s critical that we maintain our innovation and evolution in all areas—our brand and product line, our brewing, distilling, and distribution operations, and our estate—while upholding the same principles and commitments that have so successfully supported our clients, communities, and coworkers,” Hanlon stated.

The company’s brand portfolio features Ghost Ship and Old Ale. Additionally, the group runs around 45 pubs and inns throughout the UK.

Continue Exploring: McDonald’s CEO Chris Kempczinski to take on dual role as board chairman

Last month, Adnams engaged advisers to lead fundraising efforts as the pub group seeks to enhance its financial position.

When contacted, Adnams representative stated, “We have given advisors instructions to look into a variety of options to fund our future growth plans.”

In its most recent publicly disclosed financial statements, Adnams recorded a deficit of £2.4 million ($3 million) for the six-month period that ended on June 30, 2023. During this timeframe, the group generated a turnover of £29 million, yet incurred operating expenses amounting to £32.5 million. Additionally, outstanding creditor amounts due within a year from that period were reported to be £17.4 million.

“Due to ongoing pressure on input prices and decreased demand, especially in the first quarter of the year, operating losses rose to £2.4 million. In addition to controlling borrowing levels in the present higher interest rate environment, the company’s priority remains on cash creation, Adnams Chairman Dr. Jonathan Adnams stated when the accounts were submitted.

“Jenny is the perfect fit to lead us through the next phase of Adnams’ evolution, which includes stabilising our financial footing and leveraging our unique strengths,” Dr. Adnams stated in reference to Hanlon’s appointment as CEO.

Continue Exploring: Coca-Cola’s largest bottler SLMG Group appoints Costin Mandrea as new CEO

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Ping’s Bia Hoi debuts in Gurgaon, offering authentic South Asian street food and lively ambiance

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Ping's Bia Hoi
Ping's Bia Hoi

Ping’s Bia Hoi, a culinary venture influenced by the vibrant scenery and delectable street food of South Asia, has made its debut in Gurgaon, providing a high-quality and genuine South Asian dining experience. Established by Rakshay Dhariwal, Radhika Dhariwal, and Chef Rahul Gomes Pereira, Ping’s Bia Hoi offers a unique exploration of the authentic and intimate flavors found on the streets of South Asia.

The restaurant strives to fill the void in Indian dining by offering an experience that transcends the ordinary. Drawing inspiration from the lively street food scenes across Asia, its menu highlights dishes that authentically represent street food in its purest form.

Ping’s Bia Hoi offers more than just a culinary journey; it also provides a visually captivating ambiance inspired by the streets and local markets of South Asia. The name “Ping’s Bia Hoi” is a nod to the lively beer gardens found in the bustling markets of Hanoi. The open-air setting, adorned with greenery and a lofty roof, evokes a serene village atmosphere. Additionally, the incorporation of everyday elements such as a barber shop and beer garden enriches the ambiance, transporting guests to the vibrant, bustling marketplaces of Southeast Asia.

Continue Exploring: Yum Yum Cha expands its pan Asian dining experience to Noida 

At Ping’s Bia Hoi, guests can indulge in a lavish spread within a cozy setting that can seat up to 80 diners. Ping’s Bia Hoi provides both outdoor and indoor dining areas, catering to a diverse clientele, from young couples seeking a romantic ambiance to families looking for a relaxed setting. The atmosphere is designed to offer a sophisticated and memorable dining experience.

The acclaimed chef Rahul Gomes Pereira has curated a menu at Ping’s Bia Hoi that captures the vibrant flavors of South Asian street food. Signature dishes include Dynamite Shrimp, Drunken Noodles, Thai-style Krapow, and Burmese Khao Suey. Additionally, the restaurant offers a carefully designed cocktail menu with inventive concoctions such as the Mexican Smash and the refreshing Ping’s Mule, which pair perfectly with the culinary offerings.

Ping’s Bia Hoi in Gurgaon offers a premium local experience that is both vibrant and sophisticated. Open daily from noon to midnight, the restaurant employs technology for easy online reservations, payments, and personalized services. Committed to authenticity, fostering customer relationships, environmental sustainability, and cultivating a welcoming ambiance, the restaurant chain strives to provide an exceptional dining experience.

As part of its dedication to environmental sustainability, Ping’s Bia Hoi has collaborated with a local brand to provide sustainable cloth bags for every delivery, adding a personal touch to each order. The brand’s commitment to sustainability is evident in its ongoing expansion, as it introduces a wider range of pan-Asian delicacies while prioritizing the reduction of plastic usage. Furthermore, the restaurant actively engages with the community to foster mutual improvement and environmental stewardship.

Continue Exploring: Bira 91 and New Belgium Brewing join forces to introduce ‘Chutney Sour’ beer, blending Indian street food flavors with Colorado craft brewing expertise

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