Israel-based flavor and fragrance company Frutarom has agreed to acquire 75% stake in Russia-based Protein Technologies Ingredients (PTI Group) for a cash consideration of $50.3m. With net assets valued at more than $40m, PTI Group is ...
Best Foods is in discussions with private equity companies to divest minority interest as the former enters ready-to-eat segment in India. Best Foods CEO Aayushman Gupta told PTI that the company plans to bring in a partner that will help ...
Tags: Best Foods, Ready-to-Eat Segment
The Indian Ministry of Textiles would provide a financial aid of Rs. 10 billion to the state of Jharkhand for developing sericulture (silk farming) to explore livelihood promotion for the rural poor in the state, said Textile Minister K ...
Tags: Silk Farming, Textiles Ministry
FoodLink, a US-based supply chain and commerce solutions provider, has announced that a series of new customers have selected its produce traceability (PTI) platform for fresh produce. The new growers and shippers who selected FoodLink's ...
Tags: FoodLink, Traceability Platform
Bosideng International Holdings Limited is pleased to announce that it acquired 96% of the issued share capital of Greenwoods Menswear Limited (“Greenwoods”) through the purchase of the entire issued share capital of Pacific ...
Tags: Bosideng, Greenwoods Menswear
The government is expected to raise import duty on refined edible oil to 10%, from 7.5% at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources ...
Tags: Chemicals
India’s carpet exports grew by 2 percent year-on-year and reached US$ 85.65 million in August 2013, owing to increasing demand from emerging markets like China, Latin America and Africa, according to data provided by the Carpet Export ...
The Ministry of Textiles, Government of India, is planning to come out with a Cotton Distribution Policy to bring stability in the prices of cotton. Under the plan, the Ministry proposes to levy a 10 percent duty on shipments of cotton ...
WUHL Shafman Lieberman, a US-based produce wholesaler, has selected FoodLink's produce traceability (PTI) platform for all its packed and shipped produce within the US. FoodLink connects advanced case and item-level tracking, with an ...
Tags: Foodlink, Agriculture, Food
India’s exports of handicrafts grew by 5.3 percent year-on-year to US$ 523 million in the month of August 2013. According to the data released by Export Promotion Council for Handicrafts (EPCH), the exports of handicrafts stood ...
Tags: Handicraft, Textile
OSD-IMT secures seismic support vessel contracts for COSL Offshore Ship Designers has secured a design contract for two IMT965 seismic support vessels with a bollard pull in excess of 50 tonnes for China Oilfield Services Ltd (COSL), ...
Tags: Transportation, logistics
Nunes, a US-based organic and conventional vegetables supplier under the Foxy brand, has selected FoodLink's produce traceability (PTI) platform for all its field-packed produce grown and shipped throughout the US. FoodLink connects ...
Tags: conventional vegetables, Nunes
The exports of carpets from India rose by 14.3 percent year-on-year in July 2013, due to growing demand from the US, China and Latin American markets. During the month, India exports US$ 90 million worth of carpets, compared to exports of ...
India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
India’s exports of handicrafts grew by 10 percent year-on-year to US$ 205 million in July 2013 due to the rising demand from markets like US, China and Latin America. According to the data provided by Export Promotion Council ...
Tags: Handicraft, Textile