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Across the world, Red Bull is a popular energy drink and one of the most sold. Indeed, Red Bull created the energy drinks market in India. But in the last few years, the brand has lost out, both in volume and value to PepsiCo’s Sting. What happened?
Import of Washington apples on hold pending genetic modifications-free certification
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The new regulation of the Food Safety and Standards Authority of India (Fssai) requires imported consignments of two dozen major food crops to be accompanied with a non-GM-cum-GM-free certificate from March 1. Through this, exporters need to declare that the supplies do not contain genetically modified organisms, are of non-GM origin and are also not genetically modified.
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Import of Washington apples has come to a grinding halt from March 1, as the US authorities have yet to put in place a process to certify the shipments to be free of genetic modification to comply with a new rule in India.
Tourism added to the portal that was launhced in 2014
TS-iPass, which has helped catapult Telangana to one of the top states in the ease of doing business, is being deployed by the state to help its tourism sector. “We hope tourism gets the same kind of investment as industries got when we created the single window online process for approval,” said Jayesh Ranjan, Principal Secretary, Industry and Commerce, who has been part of the initial confabulations with industry right from the beginning. TS-iPass was launched in 2014 and deployed in 2016 and has helped Telangana get about 14224 industries in the State.
With tourism being added to the portal, the registration of hotels, resorts, service apartments, lodges, wayside amenities, convention centres and even tourism events will get the same online treatment.
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The chicory market is projected to grow at a CAGR of 5.7% from 2020 to reach USD 905.3 million by 2025.
Factors such as the rising costs of coffee beans, increasing consumption of organic foods and beverages, and the growing number of applications of chicory are projected to drive the growth of the chicory industry during the forecast period. However, the growth of the chicory market is inhibited by factors, such as health risks associated with heavy consumption of chicory. In addition, higher technical expertise required for producing certain chicory-based products along with limited consumer awareness inhibits the growth of this market.