Tag: industries

Business

Akums Forms Exclusive Partnership with Jagdale for Ready-to-Drink Nutritional Beverages Using Aseptic Carton Technology

Dec 2, 2024 by Mansi Praharaj 0 Comments #industries, #Jagdale

Bengaluru 2 December 2024 : Akums Drugs & Pharmaceuticals Ltd., India’s Largest contract development and manufacturing organization (CDMO), has announced a partnership with Jagdale Industries Private Ltd. (JIL), a pioneering name in India’s healthcare sector. This collaboration exclusively focuses on aseptic manufacturing and subsequent filling in carton packing for the ready-to-drink (RTD) market, targeting an expansive array of health and wellness products.

Together, Akums and JIL aims to revolutionize the market by introducing innovative, non-milk-based aseptic carton packing solutions across key categories like a) wellness drinks under food, Ayush and nutraceutical frameworks, b) Sports nutrition with essential electrolytes for hydration and recovery c) Nutritional products for critical care, diabetes, and weight management.

India’s Ready-to-Drink market is witnessing a significant surge as consumers increasingly prioritize health, convenience, and quality. With this partnership, Akums and Jagdale will deliver products that seamlessly integrate health benefits with superior Aseptic packaging technology,” said Sanjeev Jain, Managing Director of Akums Drugs & Pharmaceuticals Ltd. “Aseptic packing solutions ensure the highest standards of safety, shelf stability, and nutrient retention, meeting the evolving needs of modern consumers.”

Akums Forms Exclusive Partnership with Jagdale for Ready-to-Drink Nutritional Beverages Using Aseptic Carton Technology

The collaboration represents a strategic convergence of Akums’ strong and extensive clients base and Jagdale’s legacy in healthcare innovation. Rajesh N. Jagdale, Managing Director of Jagdale Group, emphasized the potential impact of this alliance. “We are excited to partner with Akums, a name synonymous with trust and quality. Together, we aim to redefine the ready-to-drink segment in India, catering to diverse consumer needs across mass, premium, and medical markets. Our focus on non-milk-based formulations ensures inclusivity and addresses a broad spectrum of dietary preferences and prophylactic requirements”.

The electrolyte RTD market in India, valued at over ₹1,000 crores with more than 150 million packs sold annually, is experiencing robust growth. With a steady 10% annual increase in volume, this market sees heightened demand, particularly during the summer months, when hydration needs peak. Simultaneously, the broader Indian RTD market is witnessing significant expansion, driven by a rising preference for functional beverages, therapeutic drinks, and wellness products. Aseptic carton packing technology is at the forefront of this evolution, offering solutions that meet the demands of modern consumers.

By employing advanced aseptic processing and packaging, products benefit from an extended shelf life, remaining fresh and safe for consumption without requiring refrigeration—a crucial advantage in India’s diverse climatic conditions. Furthermore, this technology ensures the preservation of essential nutrients, making it ideal for health-conscious consumers seeking wellness-focused beverages.

Additionally, aseptic packs are designed with sustainability in mind, being lightweight, and eco-friendly, which appeals to the growing segment of environmentally conscious consumers. These attributes collectively position aseptic carton packs as a game-changer in the RTD market, meeting modern demands while paving the way for a healthier, more sustainable future.

With a projected focus on mass-market accessibility and premium health-driven offerings, the partnership also taps into underserved medical markets, including critical care nutrition and therapy support products. This holistic approach positions the tie-up as a catalyst for change in the healthcare and wellness landscape.

Akums and JIL aims to address India’s burgeoning demand for nutraceuticals, functional beverages, and therapeutic solutions. As the partnership evolves, both organizations envision contributing significantly to the health and wellness revolution while fostering a sustainable ecosystem. The launch of the aseptic carton pack product line marks the beginning of a transformative journey, setting new benchmarks for quality, innovation, and consumer satisfaction.

Business

Industries in Delhi urge shift from leasehold to freehold to boost India’s USD 5 Trillion economy goal by 2025

Oct 1, 2024 by Sujata Muguda 0 Comments #BUSINESS, #Business Growth, #Competitiveness, #Credit, #DDA, #Delhi Chapter of Indian Industries Association (IIA), #Dr. Mamta, #DSIIDC, #Economic Impact, #industries, #Investment, #Job Creation

Delhi, October 1st, 2024: The Executive Committee of Delhi Chapter of Indian Industries Association (IIA) held a meeting at the Jhandewalan Headquarters on September 30th, where members urged the Delhi Government, the Lieutenant Governor (LG) of Delhi, and the Union Government of India to implement a freehold policy for industrial units in Delhi.

IIA

 

 

Dr. Mamta, Chairperson of the Delhi Chapter, shared that Delhi has 29 notified industrial areas. While a scheme was introduced in 2005 to convert leasehold industrial properties to freehold, only a few have benefited from this. Government bodies like the DDA, DSIIDC, and the Industry Department have selectively applied this policy, leaving many industrial units without freehold status.

Dr. Mamta stressed that moving from leasehold to freehold is vital for unlocking the economic potential of these areas. This would attract more investments and help India achieve its $5 trillion economy target by 2025.

Main Points of the Appeal:

Business Growth: Freehold ownership would give industrial units more freedom to grow, innovate, and invest in new technologies, without the restrictions of lease agreements.

Increased Investment and Access to Credit: Freehold properties are considered more valuable by banks, making it easier for businesses to get loans and attract investors. This is crucial for supporting India’s economic development.

Enhanced Competitiveness: Industrial units in Delhi would be able to compete better with those in other regions that already have freehold status, leading to greater productivity and innovation.

Job Creation and Economic Impact: A freehold policy would lead to the expansion of industrial activities, creating jobs and developing new industrial hubs, all of which are important for reaching the $5 trillion economy goal.

Dr. Mamta urged that this policy should apply to all industrial units in Delhi, not just a few. If fully implemented, this would empower businesses to contribute more effectively to the economy and support India’s vision of becoming a $5 trillion economy by 2025.

Delhi’s industrial sector plays a key role in the state’s Gross State Domestic Product (GSDP) of $130 billion. By implementing a freehold policy, business operations would become easier, attracting more investments both from within India and abroad.

Industries in Delhi believe that this change would help support the government’s “Ease of Doing Business” initiative and boost economic growth.

Business World, News

CM Naveen Patnaik Inaugurated 22 major industrial projects worth INR 13,311.53 Cr…

Feb 18, 2021 by Rekha Nair 0 Comments #Captain Shri Dibya Shankar Mishra, #Government of Odisha, #Hon’ble Chief Minister Shri Naveen Patnaik, #industries, #Micro, #Minister of Energy, #Small & Medium Enterprises

Chennai: Hon’ble Chief Minister Shri Naveen Patnaik today performed Groundbreaking of 17 industrial projects and inaugurated 5 projects. The projects are ranging from Metal and downstream, Tourism, Textile and apparel, Cement, Plastic and Food processing sectors. In a major boost to the Make in Odisha, these 22 industrial units with a combined investment of INR 13,311.53 Crore will generate employment opportunities for 10,677 persons in the state.

Speaking on the occasion, Hon’ble Chief Minister said, “I am pleased that step by step, we are going high with impressive investments in the manufacturing sector, making the position of our State stronger as a Manufacturing Hub of India. Our consistent efforts to improve the investment ecosystem laced with our peaceful social climate are paying off to realize our desired goal.”

He further added that “I am glad that, at the 11th phase of groundbreaking and inauguration ceremony today, we are launching 22 industrial projects with an investment of over Rs 13 thousand crore that can create jobs for over 10 thousand 6 hundred persons. The Mo Sarkar and 5T Initiatives of my Government are solidly in place to effectively streamline the investment facilitation mechanism in the State. We must ensure that the Citizens and Businesses are provided services from the Government in a hassle-free and time-bound manner. Towards this objective, the launching of the mobile version of GO PLUS, the land bank information system will be particularly helpful for Micro, Small and Medium Enterprises in the State.”.

Captain Shri Dibya Shankar Mishra, Minister of Energy, Industries, Micro, Small & Medium Enterprises, Government of Odisha added, “Over the past few months, the state under the 5T charter and Mo Sarkar initiative, developed and enabled online registration and approval systems for over 30 Government to Business services. These systems will now ensure hassle-free and prompt services for industries right from the state Department level to the district and block levels. Further, the state Single Window System GO SWIFT has been further streamlined and now provides over 50 services covering 18 Departments through an end-to-end online mechanism with no need for any physical touchpoint between the applicant and the approving authority.”

The other dignitaries were present in the ceremony were, Shri Suresh Chandra Mahapatra, Chief Secretary, Shri Hemant Sharma, Principal Secretary Industries, Shri Sanjay Kumar Singh, CMD IDCO, Shri Satyabrat Sahu, Principal Secretary, MSME, Dr Nitin Jawale, MD, IPICOL.

The projects that were inaugurated including:

● A logistic park by KTL Logistics and Services Limited(Purvi Bharat) against an investment of INR 182.28 crore in Choudwar, Cuttack, which will generate potential employment opportunities for over 850 persons.

● A five-star hotel in Bhubaneswar by Lifeline Multi-ventures Pvt. Ltd. against an investment of INR 150.38 crore which will generate potential employment opportunities for over 240 persons.

● A Pellet plant Expansion from 0.3 MTPA to 1.2 MTPA capacity by Shyam Metalics and Energy Limited against an investment of INR 76.92 crore in Pandloi, Dist – Sambalpur, which will generate potential employment opportunities for over 610 persons.

● A Water and Amusement Park by Fun Leela Water Park against an investment of INR 4.49 crore in Lahandabud, Jharsuguda, which will generate potential employment opportunities for over 33 persons.

● A Waste Plastic Recycling plant by Lackeir Stilit Plastic Industry against an investment of INR 1.60 crore in Rambha Ganjam, which will generate potential employment opportunities for over 78 persons

The projects for which ground-breaking was done are:

● Expansion of Jindal Stainless’s Crude Stainless Steel capacity From 1.1 MTPA to 3.2 MTPA and Cold Rolling Mill capacity from 0.8 MTPA to 2.4 MTPA in Kalinganagar, Jajpur by Jindal Stainless Ltd against an investment of INR 6,840 crore which will generate potential employment opportunities for over 2,236 persons.

● Expansion of Yazdani Steel & Power’s Integrated steel plant from 0.07 MTPA to 1.19 MTPA in Kalinganagar, Jajpur by Yazdani Steel & Power Limited against an investment of INR 2,415 crore which will generate potential employment opportunities for over 2867 persons.

● Additional Clinker capacity of 1.32 MTPA and Cement capacity of 1.05 MTPA at Kutra, Sundergarh by Shiva Cement Limited (SCL) against an investment of INR 1,523.24 crore which will generate potential employment opportunities for over 600 persons.

● Expansion of MGM Minerals’s project by setting up 0.125 MTPA Sponge Iron Plant, 0.6 MTPA Pellet Plant, 0.25 MTPA MS Billets, 0.25 MTPA TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha, Dhenkanal by MGM Minerals Limited against an investment of INR 801.89 crore which will generate potential employment opportunities for over 1215 persons.

● Expansion of GM Iron & Steel’s project by setting up 0.8 MTPA Pellet Plant, 0.2379 MTPA DRI plant, 0.195 MTPA Billet, 0.24 MTPA Wire Rod Mill, 0.416 MTPA Slag Cement and 46 MW Captive Power Plant at Parjang, Dhenkanal by GM Iron & Steel Company Limited against an investment of INR 607.52 crore which will generate potential employment opportunities for over 591 persons.

● Cement grinding unit of 2.5 MTPA capacity at Biswali, Cuttack by Dalmia Cement (Bharat) Limited against an investment of INR 441.43 crore which will generate potential employment opportunities for over 141 persons.

● Expansion of project by setting up 0.21 MTPA Sponge Iron,1 MTPA Iron ore Beneficiation,0.6 MTPA Pellet, 0.112 MTPA MS Billets, 0.112 MTPATMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant at Tumkela, Sundergarh by BR Sponge and Power Limited against an investment of INR 200.20 crore which will generate potential employment opportunities for over 550 persons.

● Aluminium Extrusion plant at Chhatabar, Khordha by Excellence Engimac Pvt Ltd against an investment of INR 12.25 crore which will generate potential employment opportunities for over 104 persons.

● A Lithium Battery, Solar Panel & Inverter manufacturing unit at Info valley II, Khordha by Surya International against an investment of INR 11.44 crore which will generate potential employment opportunities for over 213 persons.

● An Amusement park by RR Amusement Park in Bolangir against an investment of INR 10.44 crore which will generate potential employment opportunities for over 45 persons.

● A Manufacturing unit of PVC, HDPE and LDPE products at Ganeswarpur, Balasore by Pallavi Polymers against an investment of INR 8.76 crore which will generate potential employment opportunities for over 52 persons.

● A unit for Manufacturing of PP compound & PVC/HDPP plastic composite board unit at Choudwar, Cuttack by Sushant Minerals P Ltd against an investment of INR 6.50 crore which will generate potential employment opportunities for over 45 persons.

● Establishment of a stabilising Ageners, cakes, Emulsifiers & Bakery powder manufacturing unit at Chhatabar, Khordha by T.P. Ingredients Pvt Ltd against an investment of INR 4.91 crore which will generate potential employment opportunities for over 62 persons.

● A discontinuous Line PUF panel at Ramdaspur, Cuttack by Supuf Industries Pvt Ltd against an investment of INR 4.53 crore which will generate potential employment opportunities for over 46 persons.

● Manufacturing of plastic tank, rotomoulded products at Chhatabar, Khordha by Lisa Plastics against an investment of INR 3 crore which will generate potential employment opportunities for over 40 persons.

● A transformer manufacturing unit at Jaymangal, Khordha by Ranganath Transformers Pvt Ltd against an investment of INR 2.44 crore which will generate potential employment opportunities for over 25 persons.

● A Bottle Jar, Cane, Cap Closure, Key Chain manufacturing unit at Kurki, Puri by Karubaki Enterprises against an investment of INR 2.31 crore which will generate potential employment opportunities for over 33 persons.

IPICOL has recently launched the mobile version of GO-PLUS, a web-based platform to display real-time information about the industrial land available in the State. IDCO has created a land bank of 1,00,000 acres for industrial use.

Odisha is fast emerging as the ‘Manufacturing Hub of Eastern India’. Targeting the development of a conducive business environment for industrial development, the Government has always endeavoured to provide a hassle-free and conducive business environment for the investors in Odisha.

Business World

Large scale sectors, industries witnessed expansion despite pandemic disruption: American Express India CFO survey

Nov 19, 2020 by Gouri Achary 0 Comments #American Express India CFO Summit, #American Express India CFO survey, #industries, #Large scale sectors, #Megha Chopra, #pandemic

Businesses today are leading through uncertainty and addressing concerns with optimism to return to normalcy in 12-18 months time frame according to the survey released by American Express India. 51% of companies have not been adversely impacted due to ongoing pandemic and have experienced either growth or have had no impact on business performance. Industries such as healthcare, pharma, and manufacturing witnessed growth despite of the unprecedented time.

The survey was conducted for American Express by EY, the leading professional services organization and explores the impact of the current pandemic on finance function and business operations along with the key financial transformation areas of focus. Over 80 CFOs of large and mid-cap companies responded to the survey, which acts as a curtain-raiser to this year’s American Express India CFO Summit, being hosted by Moneycontrol to be held on November 24, 2020.

Megha Chopra, Business Head, Global Commercial Services said, “The pandemic has led to significant changes and challenging situations for businesses across industries. Interestingly, 60% of the companies which responded to the survey are prioritizing transformation to ensure business continuity and resilience as one of their top focus areas. The silver lining is that many sectors reported growth during the COVID-19 pandemic, and what is really encouraging is that we have already started witnessing green shoots in the impacted sectors such as auto, travel, food and entertainment.”

Technology: a key business enabler
While technology is being increasingly looked at as an enabler for virtual operations, there is also a growing need to leverage technology for better planning, forecasting and reporting. Three out of five CFOs are also looking to us herein digital strategies and transform the core accounting processes. Two in every three CFOs are willing to invest in collaboration software & digital enablers to enable virtual operations.

Silver lining: Risks and uncertainties, not a deterrent
While the systemic risks loom large over organisations, there is a belief that further stimulus packages and regulatory support will ease the journey back to normal. 1 out of 2 CFOs agrees that they need to address issues such as productivity, costs and talent management to be able to build resilience.

Re-strategize and focus on transparency across the value chain
With supply chain management being a key issue for companies, CFOs are looking to re-strategize sourcing and focus on transparency across the value chain. Additionally, there is an increased focus to address bottlenecks in receivable and payable cycle – both internal and external- to meet working capital requirements.

The India CFO Summit will bring together various industry doyens such as Megha Chopra, Country Business Head, Global Commercial Services, American Express India, R Shankar Raman, CFO L&T, and Pratyush Mittal, CFO, Mondelez India, among others. It seeks to elucidate the pathway to navigate the next course of cash management and chart the businesses’ transition into the new normal with a CFO’s perspective.

To know more about the summit you can visit: https://www.moneycontrol.com/msite/microsite-url-amex-india-cfo-summit