Showing posts from July, 2017

FSSAI open for changes in Food Products Regulations

FSSAI open for changes in Food Products Regulations I

Indian nutraceuticals market may touch US dollars 10 billion by 2022 from the current level of US dollar 4 billion. The government and the industry are getting ready to adopt the proper mechanism for supporting the change. Hence, the government is open to changes in the upcoming food processing regulations, that will go through a proper process for finalization.  The new set of regulations, covering nine major food groups, is slated to be operational on 1st January 2018.
The government feels that forward and backward linkages with traceability would be the key for evolving nutraceuticals sector. The food parks would provide utilities of common interest to the companies, while specific farms would constitute traceable sources. The 6000 crore rupees earmarked for Kisan sam pada Yojana would also help the nutraceutical sector.
The scientific community welcomed the provision of protecting 400 medicinal plants, particularly …

Govt. will create 65 million jobs by 2026 - Bandaru Dattatreya, Labour Minister

Govt. will create 65 million jobs by 2026 - Bandaru Dattatreya, Labour Minister I

The Govt. will create 65 million jobs by 2026. This was said by Minister of State for Labour and Employment – Bandaru Dattatreya. The minister also urged the industry to focus on improving the social security of India’s growing workforce.
Presenting the special address, the Secretary, Ministry of Heavy Industries and Public Enterprises – Girish Shankar stated that India must innovate to become a true engineering hub.
Address the gathering the Chairman of the ASSOCHAM National Council on Auto and Auto Ancillaries – R. S. Kalsi stated that the increase in taxes of electric vehicles under the GST regime may lead to a decrease in growth in the sector.
The event also witnessed the release of a knowledge Paper titled “Industry 4.0 and India’s Automotive Industry” and the felicitation of the best performers in the Indian automotive sector across 15 categories:
The Inaugural Session was followed by T…