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By Author
Published on November 2, 2023
In a decisive move to counter the increasing concerns over food safety, the Food Safety and Standards Authorities of India (FSSAI) is taking significant steps towards ensuring the health and well-being of the Indian populace. Amidst frequent reports of adulterated food and compromised hygiene standards, FSSAI's recent actions come as a welcome development, especially in educational institutions like schools and university hostels, where food safety has often been a pressing issue.
In an effort to promote safe food practices, the FSSAI has urged states and union territories across India to impart specialised training to the staff managing food sections in educational institutions. This directive was emphasised by Kamala Vardhana Rao, the CEO of FSSAI, during the 42nd Central Advisory Committee (CAC) meeting held in Pahalgam, Jammu and Kashmir. His call for action primarily aims to ensure that students receive hygienically prepared and safe food.
A key component of these new initiatives includes comprehensive training for the food handlers, a strategy to increase public awareness about the importance of food safety. The FSSAI also plans to expand and upgrade the network of food testing laboratories throughout the country, a move essential for maintaining stringent food safety standards.
The CEO's directive also extends to the close monitoring of milk products and sweets, particularly in light of the upcoming festive season. This vigilance is part of FSSAI's ongoing nationwide milk survey, which encompasses 766 districts, reflecting the Authority's commitment to ensuring food quality.
In addition to these measures, FSSAI is actively working on its ambitious project of modernising 100 street food hubs under the Eat Right India Initiative. This initiative focuses on certifying “Clean Street Food Hubs” and has already accredited about 110 hubs, enhancing the safety and hygiene standards of street food vending across India. Madhya Pradesh has notably taken a lead in this initiative, making significant strides in modernising numerous street food hubs.
Another critical aspect of FSSAI's action plan includes aiding street vendors in serving healthy, hygienic food within well-organised and infrastructurally sound areas. Technical support, setting benchmarks, and ensuring compliance are also part of this comprehensive approach.
The discussions and decisions made at the CAC meeting, attended by over 50 officials, including Commissioners of Food Safety, FSSAI representatives, and various stakeholders, underscore the holistic approach FSSAI is adopting to elevate food safety standards.
In a recent development, FSSAI has streamlined the process of obtaining food safety licences. This initiative, highlighted by District Collector Kranthi Kumar Pati, includes an online route for licence acquisition with a nominal fee of ₹1,000, simplifying the procedure for food business operators.
FSSAI's multifaceted strategy to revamp food safety and hygiene standards in India marks a significant advancement in the country's journey towards ensuring a healthier future for its citizens.
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By Nishang Narayan
Published on February 16, 2025
The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) and Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) took on record the unaudited financial results for the quarter and nine months ended December 31, 2024.
Q3FY25:
9MFY25:
“The sugar season 2024-25 has presented a mixed outlook, with challenges such as lower cane yields and lower recovery in key states like Uttar Pradesh, Maharashtra, and Karnataka affecting production. Despite these setbacks, we remain optimistic about long-term growth. However, rising production costs and stagnant ethanol prices call for timely policy adjustments.
At Avadh, we are focused on sustainable expansion, and with the upcoming completion of our crushing enhancement at the Hargaon unit for the 2025-26 season, we expect further value creation.”
“The industry is facing a decline in production due to lower cane availability and recovery, along with a shift toward ethanol. Despite these challenges, our ability to adapt and invest in expansion positions us well for long-term growth.
At Magadh, we are committed to sustainability and are enhancing our crushing capacity and implementing steam-saving measures at our Narkatiaganj unit, which is now operational for the 2024-25 crushing season. With the right policy support, the sugar industry can continue to play a crucial role in India's economy.”
Published on February 7, 2025
Sterling Holiday Resorts Ltd. has announced its strongest quarter yet in Q3 FY25, marking a milestone in the company’s growth trajectory. With 18 consecutive quarters of profitability, Sterling’s performance in Q3 surpassed even its traditionally dominant Q1, thanks to strategic portfolio expansion that strengthened revenue streams beyond peak seasons.
The company reported a 12% YoY income growth, reaching ₹1,389 Mn. EBITDA increased by 14%, with a solid 38.8% EBITDA margin, while EBIT rose 13% YoY.
Sterling’s portfolio now spans 48 locations with 57 resorts, hotels, and retreats in the upper-mid to upper-upscale segments. Strengthening its footprint, the company added three new resorts in Q3:
Maintaining its rapid growth pace, Sterling has launched one resort per month for the past 18 months, with several more in the pipeline.
"Sterling has witnessed its strongest-ever quarter, a testament to our brand's growing preference among customers. A surge in holiday demand, coupled with our aggressive resort expansion, has fueled this success," said Vikram Lalvani, MD & CEO, Sterling Holiday Resorts.
Sterling’s food and beverage division has been another strong performer, recording a 20% YoY growth. The company attributes this to its enhanced dining experiences and a diverse range of culinary offerings across its properties.
Further strengthening its commitment to sustainability, Sterling has introduced Sterling Sankalp, an ESG initiative aimed at responsible tourism. The company has implemented key measures across several resorts, including:
On a year-to-date (YTD) basis, Sterling has achieved a 14% growth in income (₹3,842 Mn) and a 35% EBITDA margin, showcasing its sustained upward trajectory. With an expanding portfolio, a thriving food and beverage sector, and a strong focus on sustainability, Sterling continues to solidify its leadership in the hospitality industry.
Published on February 5, 2025
The Union Budget 2025 has introduced key measures that promise growth across the hospitality, food & beverage, and startup sectors. Industry leaders see these developments as game-changing, driving innovation, infrastructure enhancement, and workforce development.
Mayank Prasad, Founder of Curated Catering by Design, sees the budget as a positive step for the catering and hospitality sector.
"The establishment of the National Institute of Food Technology will drive innovation and skill development in food processing, benefiting the entire ecosystem. The push to enhance tourism by developing 50 key destinations is a welcome move that will directly boost demand for premium catering services. Additionally, government support for hospitality training programs will help bridge the skill gap, ensuring a well-trained workforce for the sector," he said. With these measures, the catering industry is poised to scale, innovate, and contribute significantly to India's evolving culinary landscape.
Rahul Taneja, Head of Operations at Dharana at Shillim, highlighted the transformative impact of the budget on tourism.
"A standout feature is its strong emphasis on the travel and hospitality industry, with well-structured measures to boost both domestic and international tourism. Initiatives like promoting spiritual and medical tourism, along with the Heal in India initiative, will be game-changers," he noted. The budget’s collaboration with the private sector and simplified visa norms aim to position India as a top destination for holistic well-being, integrating Preventative Medicine, Healing Nutrition, Ayurveda, and more. Additionally, investments in skill development within the hospitality sector will enhance service quality, elevating India's global tourism reputation.
Vishal Puri, Co-Founder of Spalba, praised the budget’s steps toward fostering innovation and sustainability."Investments in tourism infrastructure and connectivity enhancements, like the development of greenfield airports and the modified UDAN scheme, should boost domestic and international travel. However, the quality of services at these airports, specifically regarding cancellations, needs to be controlled for these measures to be effective," he pointed out. The inclusion of hotels in the harmonized tourism infrastructure scheme and the ₹1 lakh crore Urban Challenge Fund are also expected to transform urban tourism experiences. Additionally, startups will benefit from an extended tax holiday, simplified compliance, and increased funding through the ₹10,000 crore Startup India Fund, driving digital innovations and sustainability.
With a strong focus on tourism, catering, and startups, the Union Budget 2025 sets the stage for accelerated growth, making India a more attractive and accessible destination for travelers and entrepreneurs alike.
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