INTERVIEW – LT Foods says to offer organic products directly to consumers in key markets

Ecolife products, the organic food brand of Gurgaon-based basmati rice major LT Foods, will soon be readily available in leading retail outlets in the country, a top company official said. Managing Director Ashwani Arora told Indoasiancommodities.com in an interview that the company had taken a low-key plunge in the organic foods business over two decades […]

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Organised retail sector consolidating in India while mom-and-pop format dominates – report

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Organised retail in India consolidated in 2017 with larger players expanding their presence through acquisition of regional players, the U.S. Department of Agriculture (USDA) said in a report. Modern retail valued at two percent of the total food and grocery business remains constrained by low profitability though domestic and international players are building a stronger […]

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India’s organised jewellery retailers to benefit from regulatory changes; exporters continue to face headwinds

India’s gold jewellery demand is likely to increase 17 per cent in 2017 on a bounce-back after demonetisation, India Ratings and Research (Ind-Ra) said in a report. It forecast India’s gold jewellery demand at 600 tonnes in 2017, which is equivalent to the last five years’ average. The World Gold Council (WGC) estimated India’s gold jewellery demand […]

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Changing face of China in the past 5 years

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China, in the midst of implementing tough economic and financial reforms to rejuvenate its beleaguered economy, posted its slowest growth in a quarter century, official data showed. Following are some facts and figures about how the country has changed economically from 2010 to 2015, according to Xinhua. — From 2010 to 2015, the gross domestic […]

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