Apparel exporters risk losing clients like GAP, Reebok and Nike if India fails to convince the US on Friday that its industry does not employ children. India has been asked to defend itself in the US on May 20 against charges of child labour. Child labour is a sensitive issue for American multinationals who source 30% of their global requirements from India. The brands can stop India sourcing if the country...
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Changes coming on food safety rules by Nivedita Mookerji
The country is about to witness dramatic changes in food norms, impacting the industry significantly, if initiatives being taken by the Food Safety & Standards Authority (FSSAI) are a yardstick. Formulation of food recall procedures in case of unsafe or hazardous products , mandatory compliance with GAP (good agricultural practices) for big retailers, labelling changes for packaged food items, organic food certification, setting water quality standards and verification of claims by...
More »More than 1 billion tons of food lost or wasted every year, UN-backed report finds
About a third of all the food produced for human consumption each year – or roughly 1.3 billion tons – is lost or wasted, according to a new study commissioned by the United Nations Food and Agriculture Organization (FAO). The study, compiled by the Swedish Institute for Food and Biotechnology and unveiled today, finds that food waste is more of a problem in rich countries and food loss during production is...
More »MNC may need govt nod to buy local pharma firm by Khomba Singh
The government may approve acquisitions of local drugmakers by global firms on a case-by-case basis on certain conditions to ensure availability of medicines at affordable prices, despite calls for restrictions on such deals in the wake of a spate of takeovers in the last three years. Multinationals may have to move buyout proposals through the Foreign Investment Promotion Board (FIPB), allowing the government to understand the firm's rationale for buying a...
More »Securing food for an emerging India by Rana Kapoor
The world population is estimated to reach nine billion by 2050. The Food and Agriculture Organisation (FAO) estimates that global food production needs to increase 70 per cent by 2050 compared to average 2005-07 levels to feed the rising global population. Clearly, a large part of the consumption will happen in India and China; which would require an additional 1.6 billion hectares of land to be brought into cultivation compared to...
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