Godrej Industries Acquires Savannah Surfactants' Food Additives Business

Godrej Industries Acquires Savannah Surfactants' Food Additives Business

By Author

Published on April 16, 2025

Godrej Industries’ Chemicals Business has completed the acquisition of Savannah Surfactants Limited’s Food Additives Business through a business transfer agreement. This strategic move will strengthen Godrej’s product portfolio in the global food and beverage sector, aligning with its broader vision for sustainable and profitable growth.

Savannah Surfactants, based in Goa, has a manufacturing capacity of 5,200 MTPA of finished products. This newly acquired business will now fall under Godrej’s Speciality Chemicals segment, helping the company build a larger portfolio of high-value, speciality offerings.

Vishal Sharma, Executive Director and CEO of Godrej Industries (Chemicals), said, “We are glad to have completed this transaction at the start of the fiscal year. This acquisition is in line with our vision and strategy to grow in a profitable and sustainable manner. The Savannah business will be part of our Speciality chemicals sector. The addition of this Food Additives Business will expand our speciality offerings and build a larger speciality business going forward.”

Godrej Industries (Chemicals), one of the oldest divisions of the Godrej Group established in 1963, is known for its focus on green chemistry and sustainability. With products derived largely from renewable vegetable oils, the company operates globally in over 80 countries, offering oleochemicals, surfactants, biotech products, and customised chemical solutions.

Its operations span diverse sectors including personal care, pharmaceuticals, agrochemicals, and lubricants, supported by manufacturing facilities in Maharashtra and Gujarat, and an advanced R&D centre in India.

This acquisition reflects Godrej’s commitment to expanding its speciality chemicals footprint and further enhances its leadership in green and sustainable chemical solutions.


Skal International Surat – South Gujarat Officially Launches, Strengthening Skal’s Presence in India

Skal International Surat – South Gujarat Officially Launches, Strengthening Skal’s Presence in India

By Manu Vardhan Kannan

Published on April 19, 2025

The vibrant city of Surat witnessed a landmark moment as the Installation and Inauguration Ceremony of the newly formed Skål International Surat – South Gujarat club took place at Emerald 1, Orange Megastructure LLP (formerly TGB). The ceremony was graced by the presence of Skal International India board members and was filled with energy, enthusiasm, and commitment from all participants.

This newest addition to the Skal India family marks a significant step in the organization’s mission to establish active clubs in every state and union territory of the country. The event featured valuable discussions, forward-thinking suggestions, and a shared vision for collaborative growth in the tourism and hospitality sector.

image

image

“It is heartening to see the spirit with which Surat has embraced the Skal movement. This club is set to become a beacon of positive change for the region’s tourism community. Our mission remains to be the unified voice of progress and cooperation in Indian travel and hospitality,” said Sanjeev Mehra, President, Skal International India.

The Skal International Surat – South Gujarat team also shared their enthusiasm for the future. “We are honored to become part of this global movement. With passion, purpose, and partnership, we aim to elevate Surat’s presence in the international tourism map,” said Rajiv Shah, President, Skål International Surat – South Gujarat.

image

image

The office bearers of the newly inaugurated club are Rajiv Shah - President, Vikas Gupta - Vice President, Sumit Bansal – Secretary, Vimal Vaghani – Treasurer, Sumit Saluja - Director-PR, Communication & CSR, and Nitin Gupta – Membership Development Officer.

Skal India continues its journey with renewed zeal to foster professional camaraderie, build bridges across borders, and create opportunities that benefit the industry and its stakeholders. Here's to many more milestones ahead as the future of tourism in India takes shape.

About Skal International India: 

Skal International India is part of Skal International, the world’s largest global network of travel, tourism, and hospitality professionals in leadership roles, with over 13,000 members across 85 countries. The organization is dedicated to promoting global tourism, business ethics, and cultural understanding through its vast network of chapters and events.


Beyond Skyscrapers: How Mixed-Use Developments Are Changing India’s Real Estate Game

Beyond Skyscrapers: How Mixed-Use Developments Are Changing India’s Real Estate Game

By Mr. Gaurav Shetty, Managing Director, MRG Group

Published on April 18, 2025

India’s urban landscape is evolving at an unprecedented pace, and at the heart of this transformation is the rise of smart mixed-use developments. These integrated communities seamlessly blend residential, commercial, retail, hospitality, and entertainment spaces into a single, self-sufficient ecosystem.

As metropolitan areas continue to grapple with challenges like traffic congestion, pollution, and overstretched infrastructure, the demand for well-planned, all-inclusive townships is soaring. No longer just about luxury, these developments offer efficiency, convenience, and a modern urban lifestyle that aligns with India’s rapid economic and technological growth.

This shift is not merely a real estate trend - it represents the future of urban living.

Why Mixed-Use Townships are gaining popularity

1. The ‘15-Minute City’ Becomes a Reality

The 15-minute city is an urban planning concept that ensures all essential services - workplaces, schools, healthcare, shopping, and hotels - are accessible within a 15-minute commute.

Smart mixed-use developments bring this vision to life by reducing travel time, cutting down pollution, and enhancing the quality of life for residents. With everything within walking distance or a short commute, these townships minimize reliance on personal vehicles, making cities more liveable and sustainable.

2. A Magnet for Investors

For real estate investors, mixed-use developments have emerged as highly lucrative assets. These townships drive higher rental yields, faster property appreciation, and stable long-term value.

Cities like Bangalore, Hyderabad, Pune, Chennai, and Mangalore are witnessing surging demand for integrated communities. The reason? A well-balanced mix of residential, commercial, and retail spaces enhances property value, making it a future-proof investment.

Additionally, businesses are increasingly choosing these hubs for office spaces due to their proximity to skilled talent, strong infrastructure, and premium facilities.

3. Changing Lifestyles in a Post-Pandemic World

The pandemic accelerated the need for self-sufficient communities where safety, convenience, and accessibility are paramount. With work-from-home and hybrid models becoming the norm, professionals now prioritize live-work-play environments that minimize daily hassles.

Mixed-use townships cater perfectly to this shift with:

·        In-house workspaces and co-working zones

·        Wellness and fitness centers for a healthier lifestyle

·        Retail, dining, and entertainment hubs within walking distance

·        Green spaces and open areas for relaxation

For millennials, NRIs, and digital entrepreneurs, such developments offer the perfect balance of comfort and connectivity.

Goldfinch City: A Benchmark for Smart Townships

Leading the charge in this transformation is MRG Group’s Goldfinch City in Mangalore, a ground-breaking mixed-use development designed to set new benchmarks in urban living.

What Makes Goldfinch City Unique?

·        Premium Residences with high-end amenities

·        IT Parks & Commercial Spaces attracting top businesses and Start-ups

·        A High-End Retail Mall featuring global brands and entertainment zones

·        Hotels, Fine Dining & Leisure Spaces offering a range of lifestyle experiences

·        A State-of-the-Art Convention Centre & Sports Arena for global events

·        Advanced Healthcare & Education Institutions ensuring a world-class living experience

"We are not just building spaces; we are designing smart, well-planned ecosystems that define the future of Indian real estate," says Mr. Gaurav Shetty, Managing Director, MRG Group.

With its future-ready infrastructure, strategic location, and cutting-edge amenities, Goldfinch City is redefining the concept of urban townships in India.

The Future of Urban Real Estate in India

As India moves forward with its Smart City Mission, mixed-use developments are becoming the backbone of modern urbanization. These communities are not just residential spaces, they are evolving into economic and social hubs, offering everything from employment opportunities to premium lifestyle experiences.

With MRG Group’s visionary projects, the future of Indian real estate is looking more connected, convenient, and community-driven than ever before.

Are mixed-use developments the new gold standard in real estate?

The answer is clear - they are here to stay.


TikTok, Trade Wars, and the Changing Face of Luxury brands: A New Era of Consumer Consciousness

TikTok, Trade Wars, and the Changing Face of Luxury brands: A New Era of Consumer Consciousness

By Shreenidhi Jagannathan

Published on April 17, 2025

In an unexpected twist to the ongoing U.S.-China trade war, the luxury goods sector, once synonymous with exclusivity and prestige, now finds itself facing a disruptor no one saw coming: TikTok. What began as a geopolitical clash, with the U.S. imposing a significant 145% tariff on Chinese imports, has evolved into a global cultural reckoning. Chinese influencers, manufacturers, and consumers are using social media platforms, particularly TikTok, to challenge the very foundation of Western luxury brands like Chanel, Hermès, Lululemon, and Nike.

From Geopolitics to Cultural Confrontation The luxury market, long considered a status symbol and a playground for the wealthy, has been upended by viral content from Chinese social media creators. These influencers are not just showcasing luxury goods; they are revealing secrets that challenge the very notion of luxury as a symbol of exclusivity. By exposing the origins of luxury products, many of which are manufactured in China at a fraction of their retail prices, TikTok creators are sparking a broader cultural conversation about value, authenticity, and the economics of luxury.

Recent findings indicate that these influencers have been uncovering the manufacturing process behind luxury products, which are often produced in Chinese factories using inexpensive labor and then sold at exorbitant prices in Western markets. This transparency is resonating with consumers, challenging the idea that high price tags equate to high value. Videos on platforms like TikTok show similar products, made with the same materials, being sold for a fraction of the price, with many creators highlighting the disconnect between the cost of production and the retail price.

The message is simple but powerful: Why pay thousands of dollars for a product made for cents on the dollar? Viral videos depict factory workers assembling high-end handbags identical to those found in boutique stores, and many creators walk viewers through the manufacturing process, demystifying the perceived value of these brands. Some even show similar products for a fraction of the price, with subtle yet potent commentary about the artificial premium placed on luxury items.

Exposing the Illusion of Exclusivity As these revelations spread, luxury brands are scrambling to defend their pricing structures. Lululemon, Adidas, and others have issued statements warning consumers about counterfeit products and the dangers of unauthorized Chinese manufacturing. But the damage is already done. Major luxury players, including Burberry, Richemont, and Hugo Boss, are reporting significant sales declines in China, a market that once represented a major growth engine for the global luxury sector.

Reports suggest that the luxury market has lost nearly $200 billion in value in recent months. The decline is compounded by economic challenges in China, such as a property crisis and high youth unemployment, and by a growing cultural phenomenon known as "luxury shame." Younger generations, especially in China, are increasingly reluctant to flaunt wealth in public, rejecting the conspicuous consumption that luxury brands rely on.

image

A Wake-Up Call for the Hospitality Industry The ripple effects of this shift in consumer behavior extend far beyond the world of fashion. Hospitality and tourism sectors, particularly luxury hotels, fine dining brands, and high-end lifestyle destinations, are now facing the task of adapting to a new generation of guests. These consumers, influenced by transparency and authenticity, are increasingly seeking experiences that go beyond brand names and logos.

Luxury hotels and resorts, especially in China and other parts of Asia, may need to rethink their retail offerings and even their overall approach to luxury. The traditional retail spaces within high-end hotels, once filled with branded luxury goods, are being reconsidered for more experiential concepts. Hotels may focus on local craftsmanship, artisanal experiences, or bespoke services that emphasize genuine cultural connections over mass-produced luxury items.

Moreover, hospitality marketing strategies need to evolve. The growing trend of authenticity-driven consumption means that simply relying on a brand's heritage may no longer be enough to attract today’s value-conscious travelers. A growing emphasis on sustainability, transparency, and local pride is shaping the future of luxury, and hospitality brands must adapt or risk losing relevance.

image

The Future of Luxury: Transparency and Digital Storytelling What’s unfolding is not just a fleeting TikTok trend; it’s a profound shift in consumer trust and global branding. This trend signals a broader transformation in how people perceive value, and how digital storytelling and transparency are reshaping luxury consumption across industries.

As trade tensions persist and social media continues to reshape consumer behavior, the hospitality industry must stay attuned to these cultural currents. The rise of TikTok and other social platforms shows that in today’s world, a viral video can have more influence than a high-profile fashion show. Whether it’s a boutique hotel in Bhopal or a five-star resort in Shanghai, understanding this new era of consumer consciousness could be the key to staying relevant in an ever-changing market.

Images used in this article are sourced from Google and are for illustrative purposes only. For more insights into global trends impacting the hospitality industry, stay tuned to Hospitalitynews

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.

Advertise With Us

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.