Small biscuit firms urge govt to reduce input costs
The Indian Biscuits Manufacturer’s Association (IBMA) has appealed to the government to bring down the prices of wheat, sugar, edible oil and milk powder — the ingredients used for biscuit manufacturing. - Refineries seek import duty cut on raw gold - PSU to acquire 2% equity in bullion association - Coming soon, uniform gold price in the country - NSEL launches Indian Bullion Market Association B P Agarwal, president of the IBMA and chairman of leading biscuit maker Priyagold, also told mediapersons that “...the government should stop the export of wheat products and sugar and simultaneously import adequate quantities of the same to meet the demands of the industry, particularly in view of the deficient monsoons and drought scenario.” Agarwal has petitioned both the Prime Minister as well as the Finance Minister, but claims that he is yet to receive any concrete assurances. The biscuit industry is a Rs 6,000-crore market and 50 per cent of it is involved in small scale production. Agarwal added that the industry is labour-intensive and the rise in the prices of sugar and wheat has led to the closing down of 10 factories and about 7,000 people have lost their jobs in the process. He also alleged that his plea did not have the support of bigger players in the biscuit market, like Britannia and Parle.Instant cash commented:
They want this change because in this way they can save their money on inputs
27.08.2011
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Biscuit Industry is a large industry and the government should take steps to encourage its growth
27.09.2011
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Biscuit Industry is a great industry and the government must take steps to support its growth. Today, almost a half of India\'s Rs 6,500-crore organised biscuits market, and most of them admit that lower retailer margins will force sales.
04.10.2011
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Biscuit Industry is a great industry and the government must take steps to support its growth. Today, almost a half of India\'s Rs 6,500-crore organised biscuits market, and most of them admit that lower retailer margins will force sales.
05.10.2011
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22.10.2011
Asian Private Funds commented:
Biscuit firms have good earning but now a days the input charges are high.Good post as provide good information.
28.11.2011