date:Jul 02, 2012
ma of Banarsidas Chandiwala.
Future prospects for the industry are pretty bright. It is a growing sector as there is mass movement from villages to cities and there are new products that are being launched for the food and beverage sector, avers Das of HRS.
Regulatory aspects
The current taxation structure does not provide any leeway for a major tax led reduction in prices. However, the government can take steps to boost RD-led innovation for both, processing and packaging of food products and