FICCI : Industry's Voice for Policy Change

President of India Mr. Ram Nath Kovind today said 'ideation, innovation and incubation' should be given primacy in our curriculum as the country recasts its higher education system to meet the needs of the 21st century.

Speaking at the global conference and exhibition '15th Higher Education Summit 2019' on the theme 'Creative Economy, Nation Building: Higher Education as the catalyst', organised by FICCI, Mr. Kovind said that higher education has the power to bring about intragenerational change and mobility.

"The world of tomorrow will be driven by knowledge, machine intelligence, and digital pathways. To prepare ourselves for this transformation and to leverage its limitless opportunities, we have to recast our higher education with new courses and deeper research orientation. Ideation, innovation, and incubation should be given primacy in our curriculum," he said on the inaugural day of the three-day summit.

Mr. Kovind said that the government has begun nationwide consultations on the New Education Policy (NEP) to improve the standards of the more than 990 universities in India, which is one of the largest higher education ecosystems in the world, to convert them into 'global knowledge hubs'.

"It (NEP) will lay out the path for transforming Indian education landscape suited to 21st century needs," the President said.

India has the third-largest scientific human resource in the world and if the country sets up a robust higher education system, it has the potential to become the R&D capital of the world, he stated.

"Along with science, liberal arts and humanities must get equal attention," the President noted.

Mr. Ramesh Pokhriyal 'Nishank', Minister for Human Resource Development, Government of India, said, "The government has received over two lakh suggestions on the National Education Policy, including important suggestions from FICCI. We have tried to incorporate suggestions from diverse sources."

The government is committed to improving the ranking of India's education institutions, Mr. Pokhriyal added.

Mr. Sandip Somany, President, FICCI, said, "In the era of the knowledge economy, human capital will have the greatest impact on socio-economic growth for decades to come. Hence, to become a $5 trillion economy by 2025, India must transform its higher education institutions and universities to meet the 21st century's needs."

Dr. Vidya Yeravdekar, Chair, FICCI Higher Education Committee, and Pro-Chancellor, Symbiosis International University, said, "Today, nations and economies are growing by channelizing the creativity and innovation in their higher education institutions."

The three-day summit and exhibition will witness the participation of over 1500 delegates, 350 foreign delegates from 76 countries with 4500 planned B2B meetings.

Financial Express | Nov 01, 2019

Sourcing tops Kerala coir's Rs 1,300-crore modernisation

Coir exports in Kerala are getting back on the rails after skipping a prestigious event of its international expo last year, due to the August 2018 floods. Rather than product diversification or design, the bulk of the Rs 1,300-crore modernisation package for coir, is pegged specifically on backward integration.

Kerala accounts for nearly 80% of the country’s Rs 2,281-crore coir product exports. India’s coir domestic market size is estimated to be Rs 3,500 crore.

“Measures are underway to pump funds, schemes and effort into regularising the supply of raw material coconut fibre for coir production. As the revival package is underway, about 100 coir mills have been put in place to expand the production capacities. In the current fiscal, 300 more coir mills will be set up, accomplishing 50% utilisation of coconut husk available in the state,” State finance minister Thomas Isaac told FE.

Sourcing of raw material from far-flung farms has been creating bottlenecks in coir production.

Though 61% of India’s coconuts come from Kerala for its raw material coconut husk, Kerala leans heavily on coconut traders from Tamil Nadu. “With China entering the fray as a major coir fibre buyer, Tamil Nadu has been exporting the bulk of its value-added coconut husk, creating raw-material sourcing issues for domestic coir industry,” said Rani George, secretary (coir), Kerala government.

The revival package is to address these backward integration issues in the industry. “To jack up coir production, 1,000 additional automatic spinning machines would be plied this fiscal,” she said.

FICCI (Federation of Indian Chambers of Commerce and Industry) is partnering as Coir Kerala-2019, the eighth edition of the international expo on coir and natural fibre products, slated to be held in Alappuzha from December 4-8.

“There will be no slacking on forward integration as well. The international buyer’s meet, that goes with the Expo, is counted to broaden the market base for coir products,” said Dr Isaac.

The Pioneer | Jun 26, 2019

Buyer-seller meet organised at CISH

It was for the first time that an international export promotion programme and reverse buyer seller meet was organised in the city. Director of Central Institute for Subtropical Horticulture Shailendra Rajan said that buyers from 16 countries - USA, Italy, China, Russia, Malaysia, Indonesia, Singapore, Hong Kong, Bangladesh, UAE, Kuwait, Oman, Saudi Arabia, Bahrain, Iran and Vietnam - participated in the event.

It was the first ever international buyer-seller meet in Lucknow. During the event, an exhibition showcasing mango varieties and products was organised. the importers had a chance to see a modern pack house and mango orchards on the second day of the event," he said.

The promotion programme was organised by the Agricultural and Processed Food Products Export Development Authority (APEDA) with the collaboration of department of commerce, Ministry of Commerce and Industry, Government of India, Uttar Pradesh Mandi Parishad and FICCI Chief Secretary Anup Chandra Pandey was the chief guest on the occasion.

The programme was organised for boosting export of mango and its products and other fruits and vegetables from north and eastern parts of the country. The B-2-B meetings provided a platform to link Indian mango and mango products and other fruits and vegetables grown by the farmers of UP to major international markets.

Chairman, APEDA, Paban Kumar Borthakur said they had organised a series of such meets in Maharashtra and north-eastern states and the same resulted in linking Farmers Producers Organisations (FPOs) with established exporters for forward linkage to importing countries.

"These events have been successful in increasing exports. Buyers from different countries showed keen interest in Indian varieties and this is important as most of them are involved in export of mangoes from Maharashtra and Gujarat, maturing earlier than the UP varieties. Seventy delegates connected with mango export visited CISH. this platform was considered to be important because they could see important mango varieties in the CISH orchard," said Rajan.

fibre2fashion.com | Oct 12, 2018

FLO to team up with Indian woman weavers to boost handloom

The Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) will work directly with weavers and designers to boost sales of hand-woven, hand-embroidered and hand-crafted products in India and abroad, FLO president Aparna Reddy told a handloom business meeting organised by FLO, FICCI and Facebook in New Delhi recently.

The handloom and handicraft sector has the potential to strengthen livelihoods in a sustainable manner but there is a dearth of information available on the artisans and their linkages with buyers, designers and importers, an Indian news portal quoted Reddy as saying.

FLO has already released a Women Artisans Craft Directory covering 29 states and highlighting the creative dexterity of more than 400 women, she added.

SME Times | Oct 10, 2018

Irani for upskilling weavers, attaching handloom sector to tourism

Textiles Minister Smriti Irani recently said that India's handloom sector has huge potential and to improve the livelihood of the weavers, it is imperative that this sector should be attached with the tourism sector.

Speaking at the inaugural session of 'Hathkargha 2018', the two-day Handloom Buyer Seller Business Meet organized by industry body FICCI, Irani highlighted the need for youngsters to enter this sector and improve their income.

"If one person weaves, there is another person of the same family who can give the history. There can be homestay which can also be propagated," she said.

The Minister further added that the importance of developing the handloom sector lies in the overall development and training.

It is important that the weavers are linked with the technological advancements and timely upskilling is the need of the hour. There is a need to digitally connect the weavers with consumers so that the direct connect helps in improving the business prospects, she added.

The business meet showcases the Indian Handloom products and is promoting the message of Make in India and vision of 'India Handloom Brand' (IHB).

International News and Views.com | Oct 10, 2018

FLO to team up with weavers and designers to boost handloom sale in india and abroad

FICCI Ladies Organisation (FLO), one of the most prestigious pan India forums working towards the goal of women empowerment in its bid to boost country’s handwoven, hand embroidered and hand crafted heritage will be working directly with weavers and designers to boost sales in India and abroad.

“The Handloom and handicraft sector showcases the country’s unique cultural mosaic and rich heritage. It also has the economic potential to strengthen livelihoods in a sustainable manner. However, a prime concern in this sector is that there is a dearth of information available on the artisans as well as their linkages with buyers, designers and importers” said Ms Pinky Reddy while speaking at the Handloom Business Meet titled ‘Hathkargha’ organised by FICCI Ladies Organisation (FLO) along with parent body FICCI and FACEBOOK late last evening .

Union Textile Minister Inaugurating the meet said that India exported handcrafted goods worth Rs 1.36 lakh crore in last four years and urged social networking giant ‘Facebook’ and business women organisation FICCI Ladies Organisation (FLO) to help get involved directly with weavers as well as help generate additional income for weavers and connecting them directly with the buyers in India and abroad as well as with modern Indian customers.

“Handlooms and handmade textile products is a sub-sector which has achieved its recognition and glory in the internal arena. Harnessing of skills, design intervention, and access to credit will play a big role in forging the global luxury industry ahead. FLO in it’s bid to empower handloom women weavers has already compiled and released a Women Artisans Craft Directory , which covers the 29 states of India and highlights the creative dexterity of more than 400 women along with their contact details." said Ms Reddy.

“The Women artisans craft Directory is an effort to support women artisans from various parts of the country to connect directly with buyers across India and the world and will also help bridge the gap between India’s skilled women artisans and discerning buyers as it will establish a direct link with artisans, bring them recognition and respect” said Reddy.

“FLO has also been working with various eminent designers and fashion entrepreneurs who understand the true potential of Handlooms & Handicrafts and its significant role in providing employment to a vast segment of craftsperson, thereby preserving the intangible heritage of our country.” She said.

“This is the only sector that offers the promise and potential to preserve and promote India’s cultural identity. With more active promotion, additional financing and tax breaks for the handloom industry, India could provide the finest hand makers of the world.” added Ms Reddy.

millennium Post | Oct 09, 2018

FLO to collaborate with weavers

FICCI Ladies Organisation (FLO) – one of the most prestigious pan India forums working towards the goal of women empowerment – in its bid to boost country's handwoven, hand embroidered and handcrafted heritage, will be working directly with weavers and designers to boost sales in India and abroad.

"The handloom and handicraft sector showcases the country's unique cultural mosaic and rich heritage. It also has the economic potential to strengthen livelihoods in a sustainable manner. However, a prime concern in this sector is that there is a dearth of information available on the artisans as well as their linkages with buyers, designers, and importers," said Pinky Reddy while speaking at the Handloom Business Meet titled 'Hathkargha', organised by FICCI Ladies Organisation (FLO) along with parent body FICCI and Facebook on October 8.

Inaugurating the meet, Union Textile Minister Smriti Zubin Irani informed that India exported handcrafted goods worth Rs 1.36 lakh crore in the last four years. She also urged social networking giant Facebook and businesswomen organisation FICCI Ladies Organisation (FLO) to get involved directly with weavers, help generate additional income for them besides connecting them directly with the buyers in India and abroad as well as with modern Indian customers.

"Handlooms and handmade textile products is a sub-sector which has achieved its recognition and glory in the internal arena. Harnessing of skills, design intervention, and access to credit will play a big role in forging the global luxury industry ahead. FLO in it's bid to empower handloom women weavers has already compiled and released a Women Artisans Craft Directory, which covers the 29 states of India and highlights the creative dexterity of more than 400 women along with their contact details," said Reddy.

"The Women artisans craft directory is an effort to support women artisans from various parts of the country to connect directly with buyers across India and the world. It will also help bridge the gap between India's skilled women artisans and discerning buyers as it will establish a direct link with artisans, bring them recognition and respect," added Reddy.

"FLO has also been working with various eminent designers and fashion entrepreneurs who understand the true potential of handlooms and handicrafts and its significant role in providing employment to a vast segment of the craftsperson, thereby preserving the intangible heritage of our country," she said.

Reddy concluded by saying, "This is the only sector that offers the promise and potential to preserve and promote India's cultural identity. With the more active promotion, additional financing and tax breaks for the handloom industry, India could provide the finest hand makers of the world."

APN News | Oct 09, 2018

FICCI Ladies Organisation (FLO) to team up with weavers and designers to boost Handloom sale in India and Abroad

Handlooms and handmade textile products is a sub-sector which has achieved its recognition and glory in the internal arena. Harnessing of skills, design intervention, and access to credit will play a big role in forging the global luxury industry ahead. FLO in it’s bid to empower handloom women weavers has already compiled and released a Women Artisans Craft Directory , which covers the 29 states of India and highlights the creative dexterity of more than 400 women along with their contact details.“ said Ms Reddy.

dailyhunt | Oct 09, 2018

FLO to collaborate with weavers

FICCI Ladies Organisation (FLO) - one of the most prestigious pan India forums working towards the goal of women empowerment - in its bid to boost country's handwoven, hand embroidered and handcrafted heritage, will be working directly with weavers and designers to boost sales in India and abroad.

"The handloom and handicraft sector showcases the country's unique cultural mosaic and rich heritage. It also has the economic potential to strengthen livelihoods in a sustainable manner. However, a prime concern in this sector is that there is a dearth of information available on the artisans as well as their linkages with buyers, designers, and importers," said Pinky Reddy while speaking at the Handloom Business Meet titled 'Hathkargha', organised by FICCI Ladies Organisation (FLO) along with parent body FICCI and Facebook on October 8. .

Inaugurating the meet, Union Textile Minister Smriti Zubin Irani informed that India exported handcrafted goods worth Rs 1.36 lakh crore in the last four years. She also urged social networking giant Facebook and businesswomen organisation FICCI Ladies Organisation (FLO) to get involved directly with weavers, help generate additional income for them besides connecting them directly with the buyers in India and abroad as well as with modern Indian customers.

"Handlooms and handmade textile products is a sub-sector which has achieved its recognition and glory in the internal arena. Harnessing of skills, design intervention, and access to credit will play a big role in forging the global luxury industry ahead. FLO in it's bid to empower handloom women weavers has already compiled and released a Women Artisans Craft Directory, which covers the 29 states of India and highlights the creative dexterity of more than 400 women along with their contact details," said Reddy.

"The Women artisans craft directory is an effort to support women artisans from various parts of the country to connect directly with buyers across India and the world. It will also help bridge the gap between India's skilled women artisans and discerning buyers as it will establish a direct link with artisans, bring them recognition and respect," added Reddy.

"FLO has also been working with various eminent designers and fashion entrepreneurs who understand the true potential of handlooms and handicrafts and its significant role in providing employment to a vast segment of the craftsperson, thereby preserving the intangible heritage of our country," she said.

Reddy concluded by saying, "This is the only sector that offers the promise and potential to preserve and promote India's cultural identity. With the more active promotion, additional financing and tax breaks for the handloom industry, India could provide the finest hand makers of the world."

The Economic Times | Oct 08, 2018

India exported handcrafted goods worth Rs 1.36 lakh crore in past 4 years: Smriti Irani

She said such a move could also generate additional income for weavers.

"Most of our studies show that in a weaving community, it is the youngsters who are leaving because they see no expansive opportunities," she said.

She urged social networking giant Facebook to get involved in the endeavour.

"If Facebook cab help highlight in each artisan community that you have trained, this aspect, and connect them to the travel and tours, adventurists, I think that will also work," Irani said while participating in a panel discussion in the presence of Ankhi Das, Public Policy Director, Central and South Asia, Facebook.

"In our country in the past four years we have exported handcrafted goods worth to the tune of Rs 1.36 lakh crore," she informed, highlighting the sector's potential.

Devdiscourse | Oct 08, 2018

Smriti Irani says India exported handcrafted goods worth Rs 1.36 lakh cr in 4 years

The country exported handcrafted goods worth Rs 1.36 lakh crore in the past four years, Union Minister Smriti Irani said Monday.

Addressing a Handloom Business Meet here, the textiles minister spoke about the significance of attaching the tourism industry to the rich crafts heritage through concepts like home-stays to propagate the legacy through youngsters.

She said such a move could also generate additional income for weavers.

"Most of our studies show that in a weaving community, it is the youngsters who are leaving because they see no expansive opportunities," she said.

She urged social networking giant Facebook to get involved in the endeavour.

"If Facebook can help highlight in each artisan community that you have trained, this aspect, and connect them to the travel and tours, adventurists, I think that will also work," Irani said while participating in a panel discussion in the presence of Ankhi Das, Public Policy Director, Central and South Asia, Facebook.

"In our country, in the past four years we have exported handcrafted goods worth to the tune of Rs 1.36 lakh crore," she informed, highlighting the sector's potential.

Moneycontrol | Oct 08, 2018

India exported handcrafted goods worth Rs 1.36 lakh cr in past 4 years: Smriti Irani

The country exported handcrafted goods worth Rs 1.36 lakh crore in the past four years, Union Minister Smriti Irani said.

Addressing a Handloom Business Meet, the textiles minister spoke about the significance of attaching the tourism industry to the rich crafts heritage through concepts like home-stays to propagate the legacy through youngsters.

She said such a move could also generate additional income for weavers.

"Most of our studies show that in a weaving community, it is the youngsters who are leaving because they see no expansive opportunities," she said.

She urged social networking giant Facebook to get involved in the endeavour.

"In our country in the past four years we have exported handcrafted goods worth to the tune of Rs 1.36 lakh crore,” she informed, highlighting the sector's potential.

Business Today | Oct 08, 2018

India exported handcrafted goods worth Rs 1.36 lakh cr in past 4 years: Irani

The country exported handcrafted goods worth Rs 1.36 lakh crore in the past four years, Union Minister Smriti Irani said Monday. Addressing a Handloom Business Meet here, the textiles minister spoke about the significance of attaching the tourism industry to the rich crafts heritage through concepts like home-stays to propagate the legacy through youngsters. She said such a move could also generate additional income for weavers. "Most of our studies show that in a weaving community, it is the youngsters who are leaving because they see no expansive opportunities," she said. She urged social networking giant Facebook to get involved in the endeavour. "If Facebook cab help highlight in each artisan community that you have trained, this aspect, and connect them to the travel and tours, adventurists, I think that will also work," Irani said while participating in a panel discussion in the presence of Ankhi Das, Public Policy Director, Central and South Asia, Facebook. "In our country in the past four years we have exported handcrafted goods worth to the tune of Rs 1.36 lakh crore,” she informed, highlighting the sector’s potential.

Travel Trends Today | Apr 24, 2018

Foreign tourist inflow to double in three years: K J Alphons

The government is taking all measures to double the tourists inflow in India in next three years, Union Tourism Minister K J Alphons said while inaugurating the exhibition at the 10th edition of the Great Indian Travel Bazaar (GITB-2018), organized jointly by the Rajasthan Government and FICCI in Jaipur. He said that Rajasthan has immense potential for tourism growth.

“Foreign tourist inflow in India last year grew by 15.6 per cent and receipts grew by 20.2 per cent. Our targets are very high and we want to double the tourist inflow and receipts in three years,” he added.

It is possible to achieve the target as India has a lot of potential and a 5,000 year old history, which no other country in the world has, Alphons said.

The B2B meetings at the GITB-2018 draw praise from the minister with 10,936 buyers-sellers meetings pre-scheduled in the two-day plan.

Another major development at the GITB-2018 has been the announcement of the extension of the MoU between FICCI and Rajasthan government for organising GITB till 2024, by Chief Minister Vasundhara Raje at the inaugural function.

Business Standard | Apr 24, 2018

280 foreign buyers meet Indian suppliers at GITB

Around 280 foreign buyers from 55 countries held meetings with 270 Indian sellers during the 10th edition of Great Indian Travel Bazaar (GITB) that ended here today, a FICCI official said.

As many as 10,936 pre-scheduled B2B meetings were held in two days and participating states also displayed their tourism prowess through interactions as well as promotional literature and visual films during the event, the official said.

The GITB was inaugurated on Sunday by chief minister Vasundhara Raje and B2B meetings and exhibition was held yesterday and today.

The event was organised by the state department of tourism, Union tourism ministry and industry body FICCI.

SME Times | Apr 21, 2018

GITB 2018 to see 11,000 B2B buyer-seller meetings

The 10th edition of the Great Indian Travel Bazaar (GITB) 2018, an important event for travel trade businesses and SMEs, will be held in Jaipur from April 22 to April 24.

The inaugural session will be held at Hotel Lalit on April 22 and the pre-structured meetings and exhibition will be held on 23rd and 24th April at the Jaipur Exhibition and Convention Center (JECC) in Sitapura.

Commenting on the event, Additional Chief Secretary, Tourism, Art & Culture, Government of Rajasthan, Subodh Agarwal said that on the occasion, Chief Minister of Rajasthan, Vasundhara Raje shall grace the inaugural session as Chief Guest.

Over the years GITB has emerged as one of the most important travel marts for inbound tourism.

The two-day event will see fruitful networking giving a further boost to the travel trade business in the State, he added.

FICCI Past President and Chairperson FICCI Tourism Committee, Jyotsana Suri said that in a span of 10 years, GITB has gone from strength to strength and is now a force to reckon with in the inbound tourism marts.

This year there will be around 11,000 B2B structured pre-fixed meetings between buyers and sellers over 2 days.

As many as 280 leading inbound foreign tour operators (FTO) from around 55 countries are participating as foreign buyers. Similarly, 270 Indian sellers - among whom are tour operators, hotels and State Governments, spread across 298 booths - will also be participating in the bazaar.

FnBnews.com | Apr 22, 2017

Patanjali Ayurveda to go global, states Balkrishna at FICCI-APEDA meet

After taking the Indian market by storm, Patanjali Ayurveda Ltd plans to expand its footprint beyond the Indian shores in the near future. This was stated by Acharya Balkrishna, the company’s co-founder and chief executive officer at Made in India – Food Buyer Seller Meet, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Agricultural and Processed Food Products Export Development Authority (APEDA) in Gurugram.

He urged players in the food processing sector to come together and promote healthy food products, adding, “Indian companies should make a collaborative efforts to make India a global food brand, and Patanjali Ayurveda Ltd is committed to go global and fight adulteration in the food industry.” The company already has its presence in many countries, thereby giving a push to prime minister Narendra Modi's Make in India initiative.

The food buyer-seller meet was an initiative taken by FICCI and APEDA to promote the Indian food industry and showcase brand India as global suppliers of various food products. The two-day meet saw international buyers and Indian sellers meeting under one roof to talk and discuss business.

According to APEDA, about 40 International buyers and procurement heads from Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, Oman, Vietnam, Malaysia, Nepal, Bangladesh, Sri Lanka, Belgium, Hong Kong, Thailand and African countries were present.

The buyers were interested in food products and non-alcoholic beverages, such as rice, canned foods, canned fruits and vegetables, fruit pulp, pickle, juices, biscuits and snacks, dairy products, meat and processed meat, non-alcoholic beverages, wheat, dried fruits and nuts, pasta and sauces and condiments.

Bloomberg | Apr 21, 2017

Patanjali aims to double market share in the Food Processing segment

Patanjali Ayurved Ltd. will “nearly” meet its revenue target of Rs 10,000 crore for the financial year 2016-17, Managing Director Acharya Balkrishna told BloombergQuint.

The company reported net revenue of Rs 2,014 crore in financial year 2014-15, according to data provided on the website of the Ministry of Corporate Affairs, and was expected to report a 146 percent surge in the same to Rs 5,221 crore during 2015-16, according to a report by ASSOCHAM-TechSci research.

“This year (2016-17) we will definitely be close to our target, and we will soon issue a report about our financial performance to the country,” Balkrishna said. The products that contributed to the company’s growth during 2016-17 were ghee (clarified butter), wheat flour, cosmetics, and toothpaste, Balkrishna said, without responding to a query about the market share its products had garnered.

The company, a relatively new entrant in the fast-moving consumer goods space, competes against the likes of Hindustan Unilever Ltd., Dabur India Ltd., and ITC Ltd. among others, and has seen significant traction over the past two financial years, going by its rising revenue figures.

Patanjali, which already has facilities in Haridwar in Uttarakhand, Tezpur in Assam, and Kathmandu in Nepal, is in the process of expanding its operations and plans to set up four manufacturing units during 2017-18, one each in Noida in Uttar Pradesh, Nagpur in Maharashtra, Indore in Madhya Pradesh, and in Andhra Pradesh, Balkrishna said.

Speaking at an event organised by Federation of Indian Chambers of Commerce and Industry (FICCI), Balkrishna pegged the Indian food processing industry at less than Rs 1 lakh crore, and said Patanjali is looking to double its market share in the segment to 20 percent in the current financial year.

The company is not planning to go public anytime soon, Balkrishna said, adding it currently has no need to rope in external investors.

The Pioneer | Apr 21, 2017

Patanjali eyes 20% share in country's processed food market

Home-grown FMCG major Patanjali Ayurved is looking to double its share in the country’s food processing market to 20 per cent in the current fiscal. The yoga guru Ramdev-led firm, which has plans to invest Rs 5,000 crore on expansion of its various verticals, would be putting aside a substantial portion of funds towards opening of new units and ramping up capacity of the existing units.

“The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 per cent. We would like to double our contribution to 20 per cent this fiscal,” Patanjali Ayurved Managing Director Acharaya Balkrishna told PTI. He further said: “In the coming years, we would try to maximum Patanjali’s contribution in the food processing industry.” According to Balkrishna, the food processing industry would not only provide good price to farmers but also help in providing quality food products in India.

“Globally, around 90 per cent food is processed. In a country like China around 40 per cent food is processed but in India only 6 per cent of food and vegetables are processed,” he said, adding that around 35 per cent food goes waste as it is not being preserved through processing. He further said the processed food would also help in combating the food adulteration practice which has become quite rampant in the country. “After we double our processing capacity, the total food processed would be increased to 7 per cent from the existing 6 per cent,” he added. The company is presently using grains as wheat, rice, millet and various other varieties along with pulses.

Patanjali, which crossed Rs 10,000 crore sales in last fiscal, is now having global ambitions. While speaking at an event organised by industry body FICCI, Balkrishna said the industry players are taking steps towards making Indian food industry an international brand. “Patanjali Ayurved Ltd is committed to go global and fight adulteration in the food industry,” he said.

millenniumpost | Apr 21, 2017

Western MNCs' nightmare: Patanjali sure of doubling revenue to Rs 10K cr in FY 17

The expansion plans of Patanjali Ayurved, which has become a household name in India due to its brand ambassador Baba Ramdev, are giving sleepless nights to top multinational companies having a strong presence in the country. After crossing Rs 5,000 crore revenue marks in the financial year 2015-16, the indigenous company is set to achieve its target of Rs 10,000 crore revenues in the just concluded the financial year 2016-17.

According to Patanjali Ayurved's chief operating officer Acharya Balkrishna, the company will set up four manufacturing plants in as many cities in India this financial year and the company would soon present its annual report on the numbers achieved in the year gone by.

"These plants will come up at Nagpur in Maharashtra, Noida in Uttar Pradesh, Indore in Madhya Pradesh and Andhra Pradesh," Balkrishna told reporters at a conference on food processing organised by Federation of Indian Chambers of Commerce and Industry (FICCI) in Gurugram on Thursday.

As Nagpur is known for oranges, the upcoming unit of Patanjali in the city would be used to make orange and other juices. The Patanjali CEO further said that the company was working on a major research unit in herbal medicines and their cultivation.

"The company was working on plans to ensure supplies of raw materials -- a plan on the rearing of cows to ensure milk availability for making ghee -- being one of them," Balkrishna said, adding that the company had set itself a target of doubling its revenues to Rs 10,000 crore for 2016-17.

Commenting on FDI, Balakrishna said, "The mandate of the company is not to oppose the FDI, but I must say that foreign companies should not spoil the Indian food culture. It's also a fact that manufacturers of the country have a better understanding of our domestic market."

The Economic Times | Apr 20, 2017

Patanjali eyes 20 per cent share in country's processed food market

Home-grown FMCG major Patanjali Ayurved is looking to double its share in the country's food processing market to 20 per cent in the current fiscal.

The yoga guru Ramdev-led firm, which has plans to invest Rs 5,000 crore on expansion of its various verticals, would be putting aside a substantial portion of funds towards opening of new units and ramping up capacity of the existing units.

"The food processing industry is worth around Rs 85,000 crore and Patanjali has a share of around 10 per cent. We would like to double our contribution to 20 per cent this fiscal," Patanjali Ayurved Managing Director Acharaya Balkrishna told PTI.

He further said: "In the coming years, we would try to maximum Patanjali's contribution in the food processing industry."

According to Balkrishna, the food processing industry would not only provide good price to farmers but also help in providing quality food products in India.

"Globally, around 90 per cent food is processed. In a country like China around 40 per cent food is processed but in India only 6 per cent of food and vegetables are processed," he said, adding that around 35 per cent food goes waste as it is not being preserved through processing.

He further said the processed food would also help in combating the food adulteration practice which has become quite rampant in the country.

"After we double our processing capacity, the total food processed would be increased to 7 per cent from the existing 6 per cent," he added.

The company is presently using grains as wheat, rice, millet and various other varieties along with pulses.

Patanjali, which crossed Rs 10,000 crore sales in last fiscal, is now having global ambitions.

While speaking at an event organised by industry body FICCI, Balkrishna said the industry players are taking steps towards making Indian food industry an international brand.

"Patanjali Ayurved Ltd is committed to go global and fight adulteration in the food industry," he said.

Business Standard | Apr 20, 2017