Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Vevus Lipidos, a subsidiary of the Kochi-based Inditrades – that focusses on export of herbal extract concentrates – is in talks with the Kerala Government to set up procurement kiosks in tribal belts to collect forest produce.
The company intends to collect forest produce directly from the tribal communities, thus avoiding middlemen and ensuring that the tribals get a fair price, said D. Arun Kumar, promoter, Vevus Lipidos. The commodities to be procured include fresh and dried amla, Serrata, black turmeric and Boswellia. The company plans to collect around 450 tonnes each year. “We are in the business of exporting herbal extracts, including curcumin, to countries such as Italy, Spain and the US,” he told presspersons here.
The Kochi-based company has started a pilot project in Odisha for curcumin, ginger and coleus cultivation, involving the tribal farming community there. The company provides high-yield seed varieties as well as technology in order to ensure a regular supply of quality raw materials through an assured buy-back scheme. It has started procuring around 600 tonnes of herbs under the project.
The Odisha government has provided 200 hectares of land free of cost and the company intends to increase the area under cultivation to 1,000 hectares in the next five years. It also plans to set up a cardamom oil extraction unit in Guatemala and caffeine at a cost of $3.5 million, he added.
The parent company, Inditrades, which has been supplying green manure from India to Malaysia, Indonesia, Thailand and Central America since 1980, achieved a turnover of Rs 55 crore in the last fiscal at a CAGR of 23 per cent, he said.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
Here is a checklist that equips you to discern the market nuances
Sensex, Nifty 50 have witnessed sharp decline
The fund has consistently outperformed S&P BSE 100 TRI over one, three and five years
Returns are superior to immediate annuity plans, but SCSS can secure better rates for new investors sooner if ...
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
A book on Badri Narayan is a tribute — albeit a belated one — to an artist who did not enjoy the recognition ...
The country hasn’t had a quiet moment since the military seized power on February 1
The Tatmadaw sees itself as an embodiment of the nationalist soul of Myanmar. But their brand of nationalism ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor