The Indian ice cream market is one of the fastest growing sectors amongst the Indian food market, posting a CAGR of 15 per cent in the period 2007-12. It is further expected to increase to a 17.6 per cent CAGR during 2012-17.
India has expressed concerns over widening trade deficit with China and limited market access to its products due to a host of issues. The trade deficit was $36.21 billion in the last fiscal.
The carnival will also have a bar influenced by molecular mixology, Grape-Crushing activities, a wine and cheese tasting, tequila-slammers and alcohol-laced popsicles.
The company is currently a part of IIMAvericks Programme, a Centre for Innovation Incubation and Entrepreneurship initiative, which invites IIM Ahmedabad alumni to pledge their support for graduating students
The group is also planning to take its annual earnings to Rs 50 crore from the current earning which is 30 crore annually. IRCTC is also planning to open about 56 food outlets at Delhi Metro stations across New Delhi.
The bakery will be named as \'The Bakery from The Lalit Great Eastern\' will stock an assortment of breads, patties, plum and fruit cakes, cookies and chocolates.
Hassad Food, owned by Qatar Investment Authority has alleged that it invested around Rs 750 crore in Bush Foods in April 2013 for 69.5 per cent stake based on false financial statements and nonexistent inventory.