Indian ice cream industry group looks for help The Indian Ice Cream Manufacturer s Association (IICMA) says for the second year in a row, the lack of government intervention to boost the sector has led to a loss of market for ice creams and frozen desserts during lockdowns and curfews.
With almost 12,000 small and large ice cream manufacturers in serious financial difficulties, the IICMA said many are shutting shop. Research has shown people s sweet tooth cravings happen more when a person is at home rather than at work.
The recent RBI policy that restructures loans rather than extending the moratorium is of little help to the ice cream industry, the IICMA said. In India, Gujarat sells the highest volume of ice cream, followed by Maharashtra, Delhi, Rajasthan, Karnataka, and other states. The most significant share of losses to the ice cream industry and its ancillary industries is also in the states suffering the most from the COVID-19 pandemic.
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