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Old June 2nd, 2010, 07:21 PM   #1
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Karnataka Food Processing

This thread is for food processing, agrotech, agri-biotech industries.

Last edited by Krishnamoorthy K; June 4th, 2010 at 08:30 PM.
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Old June 2nd, 2010, 07:23 PM   #2
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Coca Cola to set up fruit-based beverage plant in Karnataka

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Bangalore: Bangalore has proved cool for Coca Cola, as the global soft drink giant has finalised its plans to set up a fruit-based beverage plant at Bidadi on the city outskirts.

Announcing this after inspecting the preparations for the Global Investors’ Meet at Palace Grounds, large and medium industries minister Murugesh Nirani said, “Coca Cola has decided to set up a huge fruit-based beverages plant at Bidadi, near its trademark soft drink plant.”

The decision is a result of the state government’s special efforts to develop Karnataka as a premier destination for the food processing industry. A senior department official said, “The proposed Coca Cola plant will go a long way in helping farmers, especially those growing horticultural crops, to find a ready market for their produce. The Rs107-crore project will provide jobs to over 500 persons.”

Nirani added that Cauvery water would be supplied to the plant, and no special arrangements were required to meet its water needs.

The announcement came four days after processed food major Nestle India’s proposal to set up a Rs350-crore instant noodles and condiments manufacturing unit in Mysore, with an employment potential of about 630 persons. It is expected to start production within one year.

Replying to a question about Hero Honda’s proposal to establish a two-wheeler production plant in Karnataka, Nirani, said the company was yet to finalise its decision: “Karnataka is among the top choices of the company to establish the plant,” he said.

The two-day GIM would see the finalisation of over 400 investment proposals worth over Rs4 lakh-crore, that will generate employment for 5.82 lakh persons, Nirani said.
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Old June 2nd, 2010, 07:31 PM   #3
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State to boost horticulture research with Centre’s help

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The State Government is planning to intensify research in Horticulture by collaborating with the Central government, Chief Minsiter B S Yeddyurappa said here on Friday.

Speaking at the inauguration of a national conference on horticulture biodiversity of livelihood, economic development and healthcare he said as a step towards enhancing horticulture in the State it has started post graduation, research and extension courses in Bangalore under the aegis of University of Horticulture Sciences (UHS), Bagalkot.

He said UHS would be signing an MoU with Texas State University of Agriculture Sciences to set up an institute for high-level research on creating nutritious local fruits and vegetables to improve children’s health.

UHS vice-chancellor Dr S B Dandin said the exhibition showcases biodiversity of horticulture crops in the country in general and Karnataka in particular.

“In Karnataka out of 14 per cent of land, 34 per cent of GDP comes from Horticulture. Similarly, out of 13 per cent of land in India, Horticulture contributes 44 per cent of GDP,” he said.

He also mentioned that horticulture was also the best solution for farmers facing crisis due to market and climate uncertainty.

“We need to teach farmers to perform integrated farming system, where they grow variety of crops,” he said.

The four-day conference and exhibition are organised by UHS along with Lt. Amit Singh Memorial Foundation, New Delhi.

Nearly, 800 farmers are participating in the exhibition from across the country and have put up 180 stalls, which include mangoes, litchee, flowers and vegetables.
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Old June 4th, 2010, 06:40 PM   #4
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Karnataka govt increases focus on horticulture production, processing and marketing

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Karnataka government is looking to maximise opportunities in horticulture production, processing and marketing. In this regard, it is focusing on two summer fruits-- mango and jack fruit.

To begin with, it has announced an allocation of Rs 10 crore to set up the Mango Development Board at Kolar to carry out research on the varieties and also assess the processing prospects of the fruit. The proposal has been placed before the Cabinet, stated horticulture minister Umesh Katti.
Quote:
But in India, it is primarily grown in the coastal areas. "The workshop was a platform for marketing and processing opportunities for jack fruit farmers. There needs to be considerable efforts to look at increasing the production of jams, papads, pickles and chips," said Ravi Kumar, secretary, Jack Fruit Growers Association.
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No jackfruit juice? Jackfruit smells too much. Should find a way to reduce the smell before preparing juice.
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Old June 4th, 2010, 07:35 PM   #5
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Karnataka poised to become leading food processing hub

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BANGALORE: Karnataka is poised to become the leading food processing hub in India, according to a FICCI-Yes Bank report, thanks to a strong and expanding physical infrastructure base, specific supply strengths and opportunities arising out of gaps in the food value chain.

The report, "Karnataka - An Attractive Investment Destination for the Food Processing Industry", released at the Global Investors' Meet here today, reveals that monthly per capita food expenditure trends in the state follow the same pattern as the rest of the nation.

In urban Karnataka, while monthly per capita expenditure on low value food items like cereals and pulses increased by about 73 per cent and 102 per cent between 1993-94 and 2006-07, spending on beverages and processed food has increased by a massive 144 per cent.

"Clearly, the food processing industry is on the threshold of demand-led growth in the country and within the state of Karnataka," the report said.

It says Karnataka boasts of specific supply strengths, giving the state a comparative advantage to become a leading food processing hub of the country. With 10 agro-climatic zones and land topography highly suitable for agriculture, Karnataka is one of the most agriculturally diverse states in India.

It is estimated that about 83 per cent of the geographic area of the state is suitable for agriculture, of which 64.60 per cent is under agricultural cultivation.

Consequently, Karnataka is the largest producer of ragi, sunflower, tomato, coffee and arecanut and the second largest producer of maize, safflower, grapes, pomegranate and onion.

The state is also the largest producer of spices, aromatic and medicinal plants in the country. In addition, the state has a wealth of livestock and marine resources that augur well for processing of dairy, meat, fish and shrimp.

Karnataka, the report points out, also takes pride in having a strong and expanding infrastructure base for setting up food processing facilities in the state.

Karnataka has an excellent road network of about 52,000 km, a railway network of about 3,180 km, two major and eight minor ports, five domestic airports and two international airports. The state also has very strong agri-infrastructure, including 146 main market yards, 352 sub-market yards, 138 cold storages of about 0.4 million tonnes capacity and warehousing capacity of about 1.95 million tonnes.

These strengths are further augmented by policy-makers' efforts to promote development of supporting agri-infrastructure, especially through initiatives like crop cluster development, food parks, agri-economic zones and agri-SEZs among others, it said.
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Old June 4th, 2010, 08:29 PM   #6
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Karnataka keen on agri-biotech companies

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* 14 acres of land for Indian Institute of Nano Science and Technology
* Agri-biotech firms to be encouraged to start units

Bangalore:Biotechnology projects worth Rs. 150 million with a potential to generate more than 8,000 jobs are on the anvil, Katta Subramanya Naidu, Minister for IT/BT and BWSSB, said here on Thursday.

Speaking after inaugurating a session on “Investment Opportunities in Karnataka : Biotech Sector” at the Global Investors Meet, the Minister said the Government was keen on encouraging Agri-Biotech companies to start units in Karnataka. “We will provide you all the required infrastructure, land, water and power,” he said.

The Minister said the Government had identified 14 acres of land for an Indian Institute of Nano Science and Technology, 17 acres for Tata Institute for Fundamental Research and International Centre for Theoretical Sciences in Karnataka.

He said the Government had partnered with Bangalore Helix, the biggest bio cluster, by initiating the “2009 Millennium Biotech Policy.”

H. Sharatchandra, IISC Professor, spoke about how scientists from Karnataka pioneered research in various fields, especially tuberculosis and malaria.

To mark the occasion, a MoU was signed between the State Government and Green R and D Centre of Hindustan Petroleum Corporation Ltd.
The Hindu
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Old June 7th, 2010, 08:21 AM   #7
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State poised to become food processing hub

Quote:
* It has adequate infrastructure support and investor-friendly atmosphere
* ‘The State has 161 cold storage units and 150 warehouses
* Coca-Cola has plans to set up its third bottling plant in Bidadi

Bangalore: With a strong and expanding infrastructure base, specific supply strengths and opportunities arising out of gaps in the food value chain, Karnataka is poised to become a leading food processing hub in the country.

A sector profile report on the food processing industry released during the Global Investors' Meet stated that the support of adequate cold storage and warehousing infrastructure, trained and skilled manpower, long tradition of research capabilities, strong connectivity with national and international markets and an investor-friendly government provided a firm base for agro-processing industry to flourish.

With 161 cold storage units and 150 warehouses across the State, the capacity for processing agri-produce was high. With a proposal to expand the air network across the State, there would be a significant increase in the speed with which produce could reach domestic and international markets, it said.

Recent investment proposals in the food processing sector included Coca-Cola's plan to establish its third bottling plant in the State with an investment of Rs. 107 crore in the Bidadi industrial area, while Gujarat Ambuja Exports Limited would set up a maize starch plant in Shiggaon taluk of Haveri district with an investment of Rs. 100 crore, the report said.

Besides these investments, the State Government has proposed to set up a food park at Ittangihala village in Bijapur. It is proposed to establish citrus, banana, pomegranate, grape (for wine manufacturing), and other fruit processing industries in this food park. Selection of private entrepreneurs for establishing the park is in progress. The project cost has been estimated at Rs. 23.84 crore.

Food parks

The State, which is the second largest milk and third largest fruit producer in the country, has four food parks and another six have been proposed on the basis of public-private partnership. A spice park will be set up in Belgaum.

While monthly per capita expenditure on low value food items such as cereals and pulses increased by about 73 per cent and 102 per cent between 1993-94 and 2006-07, spending on beverages and processed food has increased by 144 per cent.

In fact, Karnataka is the largest producer of ragi, sunflower, tomato, coffee and arecanut and second largest producer of maize, safflower, grapes, pomegranate and onion.

The State boasts of specific supply strengths, giving it a comparative advantage to become a leading food processing hub of the country. With 10 agro-climatic zones and land topography highly suitable for agriculture, Karnataka is one of the most agriculturally diverse States in India.

It is estimated that 83 per cent of the geographic area of the State is suitable for agriculture, of which 64.60 per cent is under agriculture.

The State is also the largest producer of spices, aromatic and medicinal plants in the country.

In addition, the State has a wealth of livestock and marine resources that augur well for processing of dairy, meat, fish and shrimp.
The Hindu
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Old June 8th, 2010, 06:40 PM   #8
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Karnataka needs aggressive private-public partnership initiatives in food processing sector: Yes Bank EVP

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"Despite the favourable agriculture development indicators including 10 agro climatic zones, industry-friendly climate and availability of capital new industries in the sector including the Food Parks had not come up as required. “What is lacking is a mechanism to pep up the investor spirit. There is a need for transformational initiatives by the state government like speedy clearances and quick decisions to fast track food processing projects,”
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Karnataka signs MoUs for 33 food processing projects valued at Rs 1,121 cr. during GIM
Quote:
The Karnataka government has announced 33 food processing projects to come up at a cost of Rs 1,121 crore. The memorandum of understanding with the companies was signed during the Global Investors Meet that concluded here last week. The projects expected to come up included UB Group’s beer manufacturing unit at Nanjangud in Mysore at a cost of Rs 45 crore, Premium Farm Fresh to set up three private wholesale markets at Shimoga, Kolar and Belgaum at an investment of around Rs 350 crore.
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Old June 23rd, 2010, 04:41 PM   #9
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M'lore, Belthangady APMCs to get facelift

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By Team Mangalorean Bangalore

BANGALORE June 21, 2010: Mangalore and Belthangady Agricultural Produce Marketing Committees (APMCs) along with 37 other APMCs will get electronic price ticker boards to display of spot and futures market prices of farm commodities in the local language on a real time basis daily.

This was announced by a team of officials of National Multi- Exchange (NMCE) here after meeting the Karnataka Chief Secretary S V Ranganath on Monday.

APMCs such as Aurad, Bangalore, Belthangadi, Bijapur, Davanagere, Doddaballapur, Gowribidanur, Hosadurga, Hubli, Huliyar, Husur, Karwar, Magnalore, Mysore, Manvi, Shimoga, Kushalnagar, Kodagu would be included under the project, they said.



The electronic price ticker boards would be installed under the Price Dissemination Project of the Centre. The project is envisaged dissemination of prices of commodities to the farmers and other stakeholders in the farm sector.



Anil Mishra, CEO, The National Multi- Exchange (NMCE) and B C Khatua, chairman, Forward Market Commission, made the power point presentation of future trading in India and drawn the comparison with stock market trading.

They told presspersons that ticker boards would be installed in 39 APMCs in another two months in 2010-11 and the cost of each board would be Rs one lakh each. The rest of the APMCs would be covered in the second phase. There are 146 APMCs and 352 sub-markets in the State.

The project would especially benefit farmers in taking their cropping decisions and post harvest marketing decisions.

The project would ensure that farmers get the right price for their produce. The provider of ticket boards has been entrusted the maintenance for the next three years. Project implementation started during 2009-10 and so far 183 ticker boards have been installed in various APMCs in 14 States.

It was targeted to cover 1,000 APMCs in 2010-11. It was proposed to cover all 7,500 APMCs in the country in the 11th Five Year Plan (2007-2012).

The project is being implemented by the Forward Markets Commission in association with the four National Exchanges. The price ticker boards would display physical market prices of important APMCs or Mandis and futures market prices discovered on the trading platform of the National Commodity Exchanges.

Implementation of the project would help all stakeholders in the agricultural sector to take informed decision on production (cropping and acreage), marketing and sourcing as well as use the futures market for hedging themselves against price risks, Mr Misra and Mr Khatua said.

They ruled out that the future market has no role in increasing the prices of commodities and the inflation was decided by supply and demand for the produce. Union Consumer Affairs Secretary Rajiv Aggarwal was also present.
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Old July 3rd, 2010, 12:38 AM   #10
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India: Karnataka signs MoUs for 33 food processing projects
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The Karnataka government has announced 33 food processing projects to come up at a cost of Rs 1,121 crore. The memorandum of understanding with the companies was signed during the Global Investors Meet that concluded here last week. The projects expected to come up included UB Group’s beer manufacturing unit at Nanjangud in Mysore at a cost of Rs 45 crore, Premium Farm Fresh to set up three private wholesale markets at Shimoga, Kolar and Belgaum at an investment of around Rs 350 crore.

According to Karnataka agriculture minister S A Ravindranath, the state has the potential to become an agriculture hub for food processing in the country. With fertile soil and six major agro-climatic zones, the state is noted for its high volume and variety produce along with an abundant marine supply.

“The support of cold chain and warehousing infrastructure, trained and skilled manpower, research capabilities, connectivity to national and international markets along with the industrial-friendly policy of the government provided a firm base for the agro processing industry to flourish,” he added.

In his address on the food processing opportunities in the state, Dr V Prakash, director, Central Food Technological Research Institute, Mysore, said that the state which was once ranked number one, was now at the fourth place in fruit production and was estimated to slip to 17th position by 2014 if the right efforts were mot made.

He urged the government to increase the efforts to improve food production in the state emphasising the need to drive investments in creating value--added products and strong partnerships as the need of the hour.

Food technology (FT) was bigger than Information Technology (IT) and Biotechnology (BT), if the total IT and BT population accounted for about 1.2 billion people FT accounted for 3.6 billion.

“That is why we are eating our meals,” Dr Prakash said.
Source
Bacardi Martini is already brewing in Mysore,now UB Group will also start brewing
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Old July 3rd, 2010, 12:43 AM   #11
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Shree Renuka Sugars renegotiates Equipav deal news
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23 June 2010
Shree Renuka Sugars, India's biggest refiner, has successfully renegotiated its February 2010 acquisition price with Brazilian company Equipav SA Acucar e Alcool that will enable it to take a controlling stake in it at a saving of $79 million.

On 22 February 2010, Shree Renuka had said that it agreed to pay $329 million (Rs1,530 crore) for a 50.79-per cent stake in Equipav, subject to lenders to Equipav approving a restructuring of debt of the Brazilian company. (See: Shree Renuka buys sugar maker Equipav in second Brazilian deal)

As on 31 December 2009, Equipav had debt of Rs3,821 crore, which was being restructured by its lenders.

As per the new terms of the deal, Shree Renuka will now pay $250 million for a 50.34 per cent stake, valuing Brazil's seventh-largest sugar maker at $1.147 billion.

Shree Renuka renegotiated the deal and Equipav's lenders agreed to reduce a significant amount of debt, where the Belgaum, Karnataka-based company will now repay the debt in10 years instead of the 8 years agreed earlier.

Equipav is Brazil's seventh-largest sugar maker with a cane crushing capacity of 10.5 million tonnes a year at two plants in Sao Paolo.
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Way to go Renuka Sugars,you are soon poised to be India's number one sugar refiner.
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Old July 4th, 2010, 12:04 AM   #12
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Hulasogi to get ‘country's biggest' maize processing unit

Staff Correspondent
Quote:
The unit will have a processing capacity of 750 tonnes a day

It is expected to provide employment to nearly 250 people


HUBLI: Chairman of Gujarat Ambuja Exports Ltd. Vijay Gupta has said that the maize processing unit being set up by the company at Hulasogi village in Shiggaon taluk of Haveri district, with an investment of Rs. 110 crore, will be the biggest such unit in the country.

He was speaking to presspersons here on Friday, after participating in the “bhoomi puja” for the construction of the building at Hulasogi.

Mr. Gupta said the new plant, to be located in a 54-acre area at Hulasogi, would have a processing capacity of 750 tonnes of maize a day and would initially generate four products from corn.

“By next July, we plan to complete the project and commission it,” the chairman revealed.

Once commissioned, the unit would provide direct employment to 250 people and would indirectly provide employment to hundreds of others, he claimed.

Executive Director of the company Sandeep Agarwal said the process of recruiting people for the unit had already begun. Only local candidates would be considered, he added.

Concessions

Mr. Agarwal said that concessions from the State Government were not the only reason for the company to set up its unit in the State. “Around 30 lakh tonnes of maize is produced annually in Karnataka. The farmers in Shiggoan produce around 5 lakh tonnes of maize, which is more than our requirement,” he said.

The company would be setting up its own 5 MW power plant, he said.


They had sought an additional 41 acres of land at Hulasogi as the company had plans to set up other units at the same location and was hopeful of getting the permission.

He clarified that the company had directly purchased the land from the farmers after getting requisite permission from the Deputy Commissioner.
The Hindu
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Old August 11th, 2010, 03:42 PM   #13
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Nestle to invest Rs 350 cr on a new plant in Karnataka

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NEW DELHI: FMCG major Nestle on Wednesday said it will invest Rs 350 crore to set up a manufacturing plant in Karnataka to produce the 'Maggi' range of food products.

The 'Maggi' range includes noodles, soups, ketchups among others.

The company, which has seven other manufacturing plants in different parts of the country, also said it will increase the capacities of those units.

Confirming the development, a spokesperson said that the company has "already laid the foundation stone for a new culinary plant in Nanjangud (Karnakata), which is estimated to require an investment of around Rs 350 crore."

The spokesperson, however, declined to give further details on the capacity of the plant and by when it is likely to be operational.

At present, the company has seven plants in India located at Moga in Punjab, Samalkha in Haryana, Ponda and Bicholim in Goa, Pantanagar in Uttarakhand, and Choladi in Tamil Nadu.

According to analysts, the capacity expansion will lead to a 55 per cent increase in its expenditure by 2011 over the previous two years.

According to brokerage firm Motilal Oswal Securities, Nestle's capex is likely to touch Rs 700 crore in the 2009- 2011 period, as against Rs 450 crore in the previous two years.

It said Nestle is likely to enhance its capacity at its plants at Moga and Samalkha and other locations.

The Nestle spokesperson, however, did not elaborate on the plans but said: "Nestle India has been growing strongly in a sustained manner and to ensure the growth momentum we will continue to invest in capacity expansion as required, both at existing or new sites."

The analysts pointed out that 'Maggi' range, which includes noodles, soups, ketchups among others, has 25.8 per cent volume growth in the last six months.

Even as the estimated Rs 1,150 crore Indian noodles market saw entry of rivals GSK Consumer and Hindustan Unilever, the "flagship Maggi noodles continues to enjoy good consumer franchise", they said.

Besides, the company's extension of brand into the pasta category and the launch of 'Maggi Resile chow' at Rs 4 in the interiors boosted its sales, it added.

Nestle India reported a 20.3 per cent increase in its net profit to Rs 194.8 crore for the quarter ended June 30, 2010. The company's net sales touched Rs 1,466.7 crore during the quarter, translating into a growth of 21.3 per cent over the same quarter last year.

During the six months period between January and June, 2010, the company's prepared dishes and cooking aids, which are mainly sold under the 'Maggi' brand, accounts 26.3 per cent to its overall sales.
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Old August 11th, 2010, 03:44 PM   #14
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Coca-Cola to set up plant for beverages in K'taka

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With the South accounting for nearly 48% of the India business, Coca-Cola is all set to establish a manufacturing base in Karnataka with an outlay of Rs 500 crore. The company is in negotiations with the state government for allotment of land in Yadgir district. "Going by the market requirements and launch of more fruit-based drinks, we are in the process of finalizing plans for a manufacturing base in Karnataka," said Deepak Kaul, vice-president (south), Hindustan Coca-Cola Beverages. The new manufacturing base is planned for fruit-based drinks. The market for drinks served in PET bottles is set for a big surge and the plant aims to address that demand.

Kaul made this announcement in Hyderabad while launching a brand promotion drive under Thums Up KhaalejaUnda, an initiative for consumers in Andhra Pradesh, inviting people to drink Thums Up and take part in a contest and win prizes.

At present the company has 52 bottling plants, of which 25 are franchise-owned and the rest are company-owned. The plant in Karnataka will be a company-owned one.
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What happened to setting up of plant near Bidadi?
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Old August 17th, 2010, 11:41 PM   #15
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Coca-Cola readies investment plan for India

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OUR BUREAU

Ricardo Fort (left), vice-president (marketing) of Coca-Cola India, with Vikas Chawla, vice-president (franchise bottling operations), in Calcutta on Tuesday. Picture by Kishor Roy Chowdhury

Calcutta, Aug. 17: Coca-Cola is giving final touches to its three-year investment plan for India.

The company, which has invested $250 million in the last three years, will submit its proposal to the global management for approval by November, a senior company official said.

“It (the plan) should be ready within the next one or two months,” Ricardo Fort, vice-president (marketing) of Coca-Cola India, said.

Quote:
The Coca-Cola group has already committed an additional investment of $50 million for a bottling plant in north Karnataka. Till now, the company has invested $1.1 billion in India.
Coca-Cola, which has its head office in Atlanta in the US, has two types of bottling operations in the country. While the company owns some plants, others belong to private entities.

The brand has a varied portfolio, which includes fizzy drinks such as Thums Up, Coke, Diet Coke, Sprite, Fanta and Limca, juices such as Maaza and Minute Maid, Kinley packaged drinking water and Georgia tea and coffee.

Coca-Cola will not expand its sugar-free drink portfolio. The company produces the sugar-free drink — Coke Zero — which is imported.
For More-The Telegraph
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Old August 23rd, 2010, 08:11 PM   #16
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SABMiller to set up new brewery in K’taka

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Ajay Sukumaran
Posted: Tuesday, Aug 24, 2010 at 2258 hrs IST
Updated: Tuesday, Aug 24, 2010 at 2258 hrs IST

Bangalore: SABMiller India, India’s second largest beer company by market share, plans to build a new brewery in Karnataka in the next two years to increase capacity in the profitable state where its existing plant is facing a capacity constraint.

“Right now, Karnataka is definitely a priority with us,” said SABMiller corporate affairs director Sundeep Kumar. “The current capacity is very low. We are having to import from Pondicherry to serve the market.”

Kumar said it was early to comment on the size of the brewery or the investment involved but said they are aiming to set it up within two years. “We are still finalising the land,” he said.

SABMiller has invested $600 million over the past five years in modernising and expanding its brewery network across the country. Last year, it commissioned a brownfield plant in Haryana while in previous years it had doubled capacity at Charminar Breweries in Andhra Pradesh besides modernising two plants in Maharashtra and in Rajasthan.

The expansion in Karnataka would entail the relocation of the existing brewery at Bangalore, which was the first major acquisition of the UK-based beer giant’s India arm after it entered the country a decade ago.

The proposed brewery would help reduce transportation costs and interstate excise duties it currently incurs by supplying from the Pondicherry brewery.

SABMiller has 30% market share in India which saw sales of around 200 million cases in 2009-10. The company owns brands such as Fosters, Knockout, Haywards, Royal Challenge and Indus Pride and also markets its premium international brand Peroni Nastro Azzurro locally. According to Kumar, Karnataka is among the most-profitable states though Andhra Pradesh and Tamil Nadu sell higher volumes.

Meanwhile, United Breweries Ltd, India’s largest brewer with 50% market share, said last week that it plans to build a new plant in Nanjangud in southern Karnataka in the next 12 months, besides investing Rs 200 crore every year over the next two to three years.
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Old September 22nd, 2010, 10:48 AM   #17
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KAPPEC to float tenders for two cold storages at Hubli and Bagalkot

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Nandita Vijay, Bangalore

Karnataka State Agricultural Produce Processing & Export Corporation Limited has planned to set up two more cold storage units in Hubli and Bagalkot. In this regard, the Corporation has floated tenders and are looking for responses from technically competent companies to set up the same in north Karnataka.

At Amargol in Hubli, KAPPEC is looking to construct a pack house with grading cooling line, pre-cooling units, high refrigerated cold storage, reefer vans, commercial cold rooms of 2,000 tonnes, apart from ripening chambers, administrative block, lab and all other allied equipment at the Agricultural Produce Marketing Corporation in Hubli.

A similar infrastructure with a capacity of 1,500 tonnes for pomegranate aril packaging units is being envisaged at Bagalkot.

According to the Karnataka government, the state had 161 cold storage units and more than 150 warehouses, therefore, had the capacity for processing agri produce. The exports of agri produce accounted for Rs 956 crore. The key products were coffee, cashew, cashew kernel, processed foods, spices and marine produce.

Some of the lacunae in the sector are that most cold storages in the state are conventional and are not equipped to handle multiple products at a time. The infrastructure for sorting and grading at farm level was limited and the lack of roads and constant power failure added to the woes of the cold chain centres.

Early this year, in an interaction with F&B News, KJ Devandrappa, managing director, KAPPEC, had stated that Belgaum Integrated cold storage unit for fruits and vegetables was set up by the Belgaum Agro Pvt. Ltd. The company had come forward and requested for 30 % equity by KAPPEC which would chip in Rs 80 lakh. The second was the mango-tomato processing unit under the aegis of the Jai Hindustan Agro Pvt. Ltd in Kolar district.

F&B had earlier reported that KAPEEC had also commissioned the public-private partnership effort of the Individually Quick Frozen (IQF) unit at Kustagi in Koppal district, for export of lady’s finger, strawberry, capsicum, mango, papaya, green peas and pomegranate arils which were stored under 22 degree celsius for supplies to the Europe markets. This also covered an integrated cold storage for pomegranate and grapes at Bagalkot.

Viewing the promising prospects in Karnataka, experts opined that establishment of pack houses for pomegranates, grapes, vegetables was the need of the hour. Efforts to set up banana ripening chambers, was also indicated.
FnBnews

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Old September 22nd, 2010, 10:50 AM   #18
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Establishment of four Food Parks in Karnataka Approved

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The Union Government has approved the establishment of 4 food parks in the State of Karnataka at Bagalkot, Jewargi, Hirriyur and Malur during 8th to 10th Plan periods at an approved grant of Rs.4.00 crore each. Out of total approved Grant of Rs.16.00 crore, amount of Grant released by the Government till date is Rs.7.00 crore.

The instalments of Grant are released subject to reaching prescribed milestones in the project by the implementing agencies and submission of requisite documents/information as per the scheme guidelines.
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Old September 22nd, 2010, 10:53 AM   #19
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Coca-Cola Plans To Invest INR5.5 Billion To Build South India Plant

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NEW DELHI -(Dow Jones)- Coca-Cola Co. (KO) plans to invest a total of INR5.5 billion ($121 million) to build a new manufacturing facility in India as the company augments production capacity for soft-drinks and noncarbonated beverages in one of its fastest-growing markets.

The factory will be built in southern Karnataka state's newly carved Yadgir district and will increase Atlanta-based Coca-Cola Co.'s total investment in India to more than $1.2 billion, T. Krishnakumar, chief executive of Hindustan Coca-Cola Beverages Pvt. Ltd., told Dow Jones Newswires.

"The company will invest INR2.5 billion to set up the facility," Krishnakumar said. "We have also provisioned to infuse an additional INR3 billion in the second phase."

Hindustan Coca-Cola is the wholly owned bottling unit of Coca-Cola Co. in India, Asia's third-biggest economy.

Krishnakumar said work on the new plant will start as soon as the company receives all the necessary approvals.

-By Santanu Choudhury, Dow Jones Newswires; +91-11-4356-3305; santanu.choudhury@dowjones.com
NASDAQ

Last edited by Krishnamoorthy K; September 23rd, 2010 at 03:17 PM.
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Old September 23rd, 2010, 01:16 PM   #20
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Establishment of 4 Food Parks in Karnataka okayed

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Bangalore Sept 23: The Centre has approved the establishment of four food parks in Karnataka at Bagalkot, Jewargi, Hirriyur and Malur during 8th to 10th Plan periods at an approved grant of Rs four crore each.

Out of total approved grant of Rs 16 crore, amount of grant released by the Centre till date is Rs seven crore, an official release said here today.

The instalments of grant are released, subject to reaching prescribed milestones in the project by the implementing agencies and submission of requisite documents or information as per the scheme guidelines.
Our Correspondent
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