Duty cut will reduce cost of raw materials, enabling local manufacturing in India. Import duties on raw materials can be brought down to zero to support domestic manufacturing, council says
Estimates indicate that volumes for the whole year for beverages will be down to a third of last year, despite the push by soft drink companies to go online
TPCI said it has set up three committees that will submit detailed recommendations to the government to boost exports of food, chemicals, food processing and beverages
With the Covid-19 pandemic shattering the country's economy, resulting in mass layoffs and salary cuts, the cola major is now facing faltering sales and an overall slowdown in consumption
Diageo, the largest alcoholic beverage company in the world, estimates that the loss in its fiscal year ending June 2020 would be between $300 million and $420 million
The startup will use the funds to penetrate deeper into existing geographies and grow into newer cities of India, besides expanding the current product line