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No threat to domestic producers: Govt reassures amid duty removal on US walnut and apple imports

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Walnuts and Apples
Walnuts and Apples (Representative Image)

The government said on Tuesday that the removal of additional duty on walnuts and apples imported from the US will not have any adverse impact on domestic producers, as sufficient safeguards, including customs duty, remain in place.

After resolving trade disputes with the US, the government eliminated the 20% additional duty on apples and walnuts, which had been in effect since 2019. These charges were in addition to the existing customs duty of 50% for apples and 100% for walnuts, as confirmed by the commerce department.

Read More: India slashes import duties on US goods: Apples, almonds, lentils and chickpeas get cheaper

“Customs duty has not been reduced. Only the additional duty has been done away with,” commerce and industry minister Piyush Goyal told reporters.

The minister explained that back in May, the Directorate General of Foreign Trade (DGFT) had officially established a Minimum Import Price of INR 50 per kilogram for imported apples, excluding those originating from Bhutan. This measure was put in place to prevent the influx of apples priced below the stipulated rate, thereby curbing the entry of inexpensive imports. Additionally, Goyal emphasized that strict adherence to sanitary and phytosanitary standards, which define regulations for food safety and plant health, would be enforced to ensure that only apples meeting the specified criteria would be allowed into India.

Considering that Washington apples, the primary variety imported from the US, are typically positioned in the premium price range, the elimination of additional duties will promote increased competition in the upscale market segment. This move is expected to benefit consumers by providing them with more favorable options and deals.

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MK Agrotech appoints Sridhar Vaidyanathan as new COO to drive growth

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Sridhar Vaidyanathan
Sridhar Vaidyanathan

MK Agrotech, the parent company of the esteemed edible oil brand Sunpure, has officially named Sridhar Vaidyanathan as their newly appointed Chief Operating Officer, as announced in a media release on Wednesday.

His primary responsibilities will encompass driving both top-line and bottom-line growth for MK Agrotech, with a strong emphasis on spearheading new product introductions and facilitating expansion into untapped markets.

Bringing nearly three decades of extensive experience in the FMCG industry to the table, he boasts a career that includes roles at renowned brands like Britannia Industries Limited and PepsiCo.

On this announcement, Mannan Khan, Director, MK Agrotech, said, “We have an exciting roadmap ahead and with Sridhar joining us, I believe, his rich experience will help us accelerate our journey to becoming a pan-India food brand.”

Presently, the edible oil brand has established its presence in various Indian markets, encompassing Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Goa, and Kerala.

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Chowman unveils month-long ‘Oriental Seafood Festival-2023’ featuring a scrumptious seafood journey

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Chowman
This eagerly awaited month-long gastronomic extravaganza is set to take you on a delectable journey through the world of seafood.

Chowman, the ultimate culinary destination, is delighted to announce the grand arrival of the ‘Oriental Seafood Festival-2023.’ This eagerly awaited month-long gastronomic extravaganza is set to take you on a delectable journey through the world of seafood. Featuring an exquisite lineup of dishes inspired by Eastern culinary delights, prepare to be amazed by the flavors of Octopus, Lobster, Crab, Pomfret, Squid, and Jumbo Prawn meticulously prepared to satisfy your cravings.

Among the festival’s standout offerings, you can savor exquisite dishes such as Crab Asparagus Soup, Vietnamese Chilli Crab, Thai Style Jumbo Prawn, Cantonese Style Squid with Soy, Ginger & Chillies, Calamari in Chili Tamarind Sauce, and a plethora of other tantalizing creations.

Debaditya Chaudhury, MD, Chowman Hospitality Pvt Ltd., said “Our seafood festival is one such event that elevates our brand at its peak, and the craze that it has harboured in the hearts of people nation wide is what sets us apart. This month-long festival is a feast to the culinary senses & like every year we’ve casted a net of flavours from the East to bring you the sea’s finest. I, with my team of chef’s have been working on the menu for quite some time and I hope this year’s Seafood Festival becomes a huge hit once again!”

On Till: 10th October, 2023

Where: Chowman, All Delhi-NCR Outlets (East of Kailash/ Noida Sector-18 / Indirapuram/ Pitampura)

Time: 12 Noon – 10.30 PM

Available for: Dine in & Home Delivery (Chowman App | Swiggy| Zomato)

Helpline No. 18008902150

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Coffee Day Global reaches settlement with IndusInd Bank, NCLAT ends insolvency proceedings

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Café Coffee Day
Café Coffee Day (Representative Image)

Coffee Day Global Ltd (CDGL) on Wednesday reported that it had reached a resolution with its financial creditor, IndusInd Bank. Consequently, the National Company Law Appellate Tribunal (NCLAT) has nullified the insolvency order against the company, which is the proprietor and operator of the Cafe Coffee Day chain.

The legal representatives of the companies apprised the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) about the settlement and requested authorization to withdraw the insolvency lawsuits, as reported by PTI.

Read More: Coffee Day Enterprises to negotiate settlement amidst bankruptcy proceedings

A two-member bench, consisting of Justice M Venugopal and Shreesha Merla, acknowledged their submissions and subsequently annulled the order that had previously admitted CDGL to insolvency.

On August 11, NCLAT issued an interim order that temporarily halted the enforcement of the National Company Law Tribunal’s (NCLT) directive to initiate insolvency proceedings against CDGL.

Read More: NCLAT halts Coffee Day Enterprises’ insolvency admission amid promoter’s default date challenge

Malavika Hegde, who serves as the Director of CDGL and is the spouse of the late VG Siddhartha, contested this NCLT order before the appellate tribunal.

On July 20, the Bengaluru bench of NCLT issued a ruling in response to a petition submitted by IndusInd Bank, a financial creditor of the company, seeking recovery of INR 94 crore in outstanding dues.

Following the suspension of the board, the National Company Law Tribunal (NCLT) had also appointed Shailendra Ajmera as the interim resolution professional.

Read More: Coffee Day Global enters bankruptcy proceedings following NCLT’s decision

Also Read: NCLT appoints Shailendra Ajmera as resolution professional for Coffee Day Global amid insolvency proceedings

In February 2019, CDGL had applied for a brief-term loan of INR 115 crore.

According to the FY23 annual report of its parent company, Coffee Day Enterprises Ltd (CDEL), CDGL possesses 469 cafes spread across 154 cities, along with 268 CCD Value Express kiosks. Additionally, it manages 48,788 vending machines that serve coffee in corporate offices and hotels under its brand.

During the fiscal year 2022-23, CDGL achieved a consolidated net operational revenue of INR 869 crore but recorded a loss of INR 67.77 crore.

CDEL has faced challenges since the passing of its Founder Chairman, V G Siddhartha, in July 2019. The company has been diligently reducing its debt through asset resolutions and has made substantial progress in reducing it since the onset of its financial difficulties.

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IBM expands collaboration with Parle products to drive digital transformation in renowned Indian biscuit brand

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IBM
L-R: Sandip Patel (MD) IBM India & South Asia; Sanjay Joshi (CIO) Parle Products and Paul Burton (General Manager) IBM Asia Pacific announcing Parle’s expanded collaboration with IBM at IBM Think Mumbai 2023.

US-based technology giant IBM has expanded its collaboration with Parle Products, aiming to propel the digital transformation of the renowned Indian biscuit brand even further.

Having initially joined forces with Parle in 2014, the company has since facilitated numerous benefits for Parle. These include cost reductions in sourcing, enhanced precision in sales forecasts, lowered service expenses, and the optimization of their IT infrastructure through the integration of cloud and AI technologies.

Prior to this partnership, Parle had been contending with intricate issues within its supply and distribution network, primarily stemming from inconsistent strategies across products and the intricacies of its channel and fulfillment methods.

The company noted that these challenges were leading to service level limitations and increased operational expenditures. However, the collaboration with IBM has enabled Parle to surmount these obstacles, elevating operational efficiency through the incorporation of cloud and AI capabilities.

Kamal Singhani, Country Managing Partner, IBM Consulting – India/South Asia said, “Today, leveraging exponential technologies like cloud and AI are fundamental to every company’s competitiveness by transforming the way that they meet customer demands and operate their businesses. Our long-standing collaboration with Parle has reached another milestone where a fundamental shift is being brought to the core strategic units of the organization. Collectively, this is resulting in improved operations and increased revenue, helping them better serve customers.”

Recently, IBM Consulting joined forces with Microsoft, led by Satya Nadella, to introduce a range of solutions at Parle. These solutions included the implementation of Azure Databricks Lakehouse, an AI engine for Auto Replenishment, and the integration of SAP Ariba solutions.

IBM stated that through this partnership, Parle would be able to leverage the Azure platform more effectively for data insights, ultimately enhancing operational resilience, agility, and scalability.

Sanjay Joshi, CIO, Parle Products said, “Parle’s nearly decade-long collaboration with IBM, leveraging both its technology expertise and consulting capabilities, has been paved with multiple milestones, all of which has helped us achieve our digital transformation vision. Our joint efforts to not only implement newer SAP solutions but migrate the entirety of existing SAP and non-SAP workloads to the cloud has driven many crucial KPI’s and enhanced overall efficiency.”

Additionally, IBM worked in tandem with Parle’s teams to establish a robust SAP-based system aimed at streamlining processes. This collaborative effort resulted in a reduction of stockout occurrences and optimized logistics costs, thereby significantly accelerating product availability to customers.

In terms of human resources, Parle placed significant emphasis on formulating and advancing employee performance metrics. The adoption of tailored SAP solutions successfully delineated the entire performance management process, aligning employee performance indicators with the company’s objectives. This, in turn, resulted in expedited appraisal cycles and transparent performance evaluations.

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Amazon India’s shelf monitoring solution poised for global pilot expansion

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Amazon Fresh store
Amazon Fresh store (Representative Image)

Amazon, the ecommerce giant, is contemplating the expansion of its shelf-monitoring solution, initially introduced in India, to undergo pilot trials across various regions.

With a strong focus on Amazon Fresh, the company recently launched its shelf monitoring solution in India. This machine learning-driven farm-to-fridge quality assurance system for fresh produce was introduced last month. Amazon’s goal with this system is to empower its sellers to meet the high standards of consumers’ demands for top-notch fresh fruits and vegetables.

According to Rajeev Rastogi, Vice President of International Machine Learning at Amazon, the most crucial customer input for the grocery system is the quality of the produce. This quality is the key factor that encourages repeat purchases. He further noted that manual assessment is neither scalable nor highly reliable due to its susceptibility to errors.

The store shelf monitoring solution leverages computer vision models and Wi-Fi-enabled IoT cameras. These technologies collaborate to detect pre-defined defects in fruits and vegetables by analyzing images of crates as their input data.

Presently, the shelf monitoring solution offers two modes of operation: manual monitoring through the Johari mobile app and automated monitoring via cameras positioned atop the produce shelves. During manual monitoring, operators utilize the Johari app to submit a produce crate image taken directly from their smartphone.

Rastogi further explained that two distinct models are in operation: the first model recognizes individual pieces of produce and employs segmentation techniques to identify each item within the container. The second model is specifically designed to identify imperfections in the produce itself, such as cracks, cuts, or pressure damage.

In the conventional manual monitoring system, evaluating a crate of produce typically consumes approximately 6 minutes. Remarkably, the automated monitoring system provides a comparable assessment experience while expediting the process through the automated capture of produce images at regular intervals using in-store or shelf-mounted cameras.

Amazon Fresh has significantly broadened its reach in India, now serving over 60 cities compared to just 22 cities a year ago. Srikant Sree Ram, the director of Amazon Fresh, previously mentioned that over 50% of its customer base hails from Tier-II and III cities.

Read More: Amazon Fresh expands presence in India, now serving 60 cities with fresh food delivery

The surge in demand for online grocery shopping has been undeniable, particularly in the wake of the pandemic. However, implementing these business models poses notable challenges. Effective inventory management, the operation of dark stores, and the seamless integration of technology all represent substantial obstacles for players in this sector, including companies such as Zepto, Blinkit, Swiggy Instamart, and others.

The growth of the online grocery sector is expected to reach Tier II and beyond markets, powered by key industry leaders. According to a report by RedSeer, in the calendar year 2023, the market is forecasted to experience expansion in Tier II regions, primarily driven by horizontal players, with the adoption of quick commerce services expected to maintain its consistency.

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Prozo unveils cutting-edge cold storage facility in Tamil Nadu, fueling growth in India’s seafood industry

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Prozo
This facility will increase the company’s offerings and help cater its demands for cold storage of seafood products.

Prozo has announced the inauguration of its second enterprise-grade cold storage facility, positioned in Krishnapatnam, Tamil Nadu. Located on the East Coast region of Tamil Nadu and Andhra Pradesh, this facility will increase the company’s offerings and help cater its demands for cold storage of seafood products.

As per an official statement, Prozo’s latest facility, positioned approximately 25 km from the nearest Highway NH16, has been strategically placed to cater to the needs of seafood producers, exporters, and distributors. It is conveniently situated within a 30 km radius of Nellore, 115 km from Sri City, 170 km from Chennai, and 700 km from Vizag.

Spanning an area of 30,000 square feet and towering at a height of 39.8 feet, this facility has been meticulously designed specifically for seafood storage purposes. It can maintain temperatures as frigid as minus 20 degrees Celsius and boasts ten chambers, each capable of accommodating 280 pallets within G+4 heavy-duty racking systems.

Prozo emphasizes that its fundamental mission is centered on harnessing technology and providing comprehensive operational capabilities to deliver integrated end-to-end supply chain solutions. At present, the company efficiently oversees supply chains for more than 100 enterprises, including well-known e-commerce leaders. Their expansive fulfillment network encompasses 30 centers, strategically distributed across 12 locations in India, encompassing an impressive total of 1.5 million square feet.

In a statement, Ashvini Jakhar, the Founder and CEO of Prozo, underscored the urgent requirement for cutting-edge cold storage facilities in India. Jakhar highlighted that the establishment of the Krishnapatnam facility is a direct response to this demand and is poised to play a crucial role in bolstering support for seafood producers, exporters, and distributors. The facility’s primary goals are to minimize wastage and offer dependable storage and logistics solutions, according to Jakhar.

Their focus is on assisting customers in establishing highly adaptable and streamlined supply chains through technology-driven solutions and enterprise-level operational proficiency, ensuring that businesses maintain a competitive edge in an ever more challenging marketplace.

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Starbucks opens first Starbucks Reserve in the Philippines

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Starbucks Reserve Hiraya
Starbucks Reserve Hiraya

Starbucks has launched its upscale coffee concept, Starbucks Reserve Hiraya, in Tagaytay City, Philippines.

Starbucks Reserve features an array of the rarest and most exceptional coffees in Starbucks’ repertoire, predominantly consisting of single-origin varieties.

The Starbucks Reserve concept is renowned for its premium aesthetics, and Starbucks Reserve Hiraya, in particular, is strategically situated to provide a captivating vista of Taal Lake, a prominent tourist attraction in the Philippines.

“Opening Starbucks Reserve Hiraya, our first Starbucks Reserve store in Tagaytay City, marks a significant milestone for Starbucks Philippines as we celebrate our 25th anniversary in the market. The name ‘Hiraya’, is a variant of the Old Tagalog term ‘haráya’, which translates to imagination, creativity, or the power of the mind. By coming together with our customers and partners (employees), this store is a testament to what we can achieve with boundless imagination,” Menchu Lopez, Store Development head of Starbucks Philippines said.

Starbucks Reserve Hiraya is perched atop the ridge, commanding breathtaking views of the region’s most picturesque and alluring landscapes, including the Taal Volcano. It offers a resort-like ambiance where patrons can savor their favorite handcrafted Starbucks beverages while immersing themselves in the natural splendor of the surroundings.

The architectural design harmonizes seamlessly with the unique landscape, skillfully bridging the gap between interior and exterior spaces. It boasts flat rooflines, generous windows, and projecting eaves. Drawing inspiration from coffee estate terraces, this expansive 500-square-meter establishment incorporates terraced seating, providing an enriched perspective of the volcano. Visitors are encouraged to embark on a journey that not only pays tribute to the local character but also honors Starbucks’ rich coffee heritage.

In addition to the captivating visual experience, patrons can also relish exclusive, freshly baked pastries at Starbucks Reserve Hiraya, making it the sole establishment in the Philippines to provide this delightful offering. Visitors can treat themselves to a delectable array of just-baked pastries, ranging from buttery croissants to mouthwatering milk and cheese rolls.

A standout feature at Starbucks Reserve Hiraya is the painstakingly crafted Hiraya Latte, an exceptional beverage exclusively concocted for this latest Starbucks Reserve destination.

Moreover, Starbucks Reserve Hiraya presents an exclusive premium range of merchandise, inspired by the abundance of the region’s natural beauty and resources.

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Leisure Hotels Group expands presence in Uttarakhand with stunning Suvaasa resort

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Suvaasa
Suvaasa provides an outdoor dining area seamlessly integrated into its tranquil surroundings.

Leisure Hotels Group (LHG), the resort chain in Uttarakhand, has introduced Suvaasa as the latest addition to its expanding collection of 28 hotels.

Located in the picturesque town of Ramgarh, it offers breathtaking views of the Kumaon hills.

Designed in the colonial villa style, this resort offers an ideal sanctuary for those seeking the beauty of nature.

Deluxe Valley Facing Room at Suvaasa, Ramgarh

The Diner, an all-day multi-cuisine restaurant, allows guests to indulge in delightful home-style dishes created from the freshest locally sourced ingredients.

Additionally, Suvaasa provides an outdoor dining area seamlessly integrated into its tranquil surroundings.

Vibhas Prasad, Director, Leisure Hotels Group, said, “We are thrilled to strengthen our presence in Uttarakhand with the addition of Suvaasa. This Opening also reinforces our unwavering commitment to continue offering immersive experiential stays with personalized services while upholding the authenticity and rich heritage of the destination.”

Suvaasa offers a diverse range of experiences, allowing guests to awaken their adventurous spirit by embarking on challenging hikes through the rugged landscape, ensuring a one-of-a-kind journey.

These treks lead to a vantage point that presents a captivating panoramic vista of the Nanda Devi and Trisul peaks.

Moreover, Ramgarh offers a multitude of leisurely forest walks that provide an opportunity to reconnect with nature.

Strategically situated, Ramgarh, often referred to as the ‘Fruit Bowl of Kumaon,’ occupies a prime location, with easy access to popular tourist destinations such as Nainital, Naukuchiatal, and Bhimtal.

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Swiggy launches ‘Learning Station’ to empower restaurant partners for success

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Learning Station
The Learning Station is readily available to Swiggy's extensive network of 300,000 restaurant partners.

Swiggy, the on-demand convenience platform, has introduced the “Learning Station,” an advanced digital learning academy aimed at fostering the growth of its restaurant partners.

Integrating seamlessly within the Swiggy partner app, the Learning Station offers a diverse range of courses designed to assist restaurant partners on their path to achieving success.

“The Learning Station is a big step in our goal to help our restaurant partners succeed. At Swiggy, we’re all about making our partners’ experiences better and helping them grow. The Learning Station is a way for us to provide valuable resources and education to empower our partners. We’re fully committed to giving our partners the best support and opportunities to succeed,” shared Swapnil Bajpai, Head of Supply at Swiggy.

The Learning Station’s content is thoughtfully curated to address the unique learning requirements of restaurant partners at various stages of their association with Swiggy. It presents concise, user-friendly, and visually appealing audio-visual content. This material primarily concentrates on harnessing technological tools, capitalizing on data for business expansion, and honing a wide array of restaurant operational skills.

The courses encompass vital subjects, including optimizing menus to align with evolving preferences, maximizing the effectiveness of advertising tactics, employing discounts strategically to engage customers, and acquiring valuable insights for steering restaurant businesses toward ongoing growth.

The Learning Station is readily available to Swiggy’s extensive network of 300,000 restaurant partners. Demonstrating a dedication to its core values of curiosity and lifelong learning, Swiggy’s introduction of the Learning Station underscores its commitment to advancing restaurant partners’ growth through education.

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