ILLUMINATION

Sourcing/Logistic/Marketing
Serving the Industry with Integrity
ISSUE XXX
VOLUME 30
25.01.2017
Mr. Bhavin Desai - Associate Manager (Mktg) - (Ahmedabad Branch Editor For The Month)
Major Achievements of the Ministry of Food Processing Industries - Year End Review 2016

The Ministry of Food Processing Industries is implementing a number of Central Sector Schemes for promotion and development of food processing sector in the country since 12th Plan. The major highlights are:

Government has allowed 100% FDI for trading including through Ecommerce in respect of food products manufactured or produced in India.
100% FDI is already permitted in manufacturing of food products through Automatic Route.
Reduction in Excise Duty on Refrigerated Containers from 12.5% to 6%.
Reduction in Basic Custom Duty on Refrigerated Containers from 10% to 5%
Foundation Stone of Punjab Agro Industries Corporation (PAIC) Mega Food Park Project in Ludhiana was laid. Total 8 Mega Food Parks have been made operational so far.

20 projects have been operationalised in 2016. With their operationalisation from which Ministry has created an additional capacity of 0.63 lakh MTs of cold storage, 15 Mts per hour of individual Quick Freezing (IQF) & 0.65 lakh Ltrs per day of Milk of processing/ storage and 99 reefer vans during 2016
NABARD has sanctioned term loan of Rs. 427.69 Crore to 10 Mega Food Park projects and 2 processing units under ‘Food Processing Fund’ of Rs. 2000 Crore and out of this an amount of Rs. 81.10 Crore has been disbursed. The Ministry has notified 157 designated fooo parks in different States for the purpose of availing affordable credit from special fund with NABARD
The National Institute of Food Technology, Entrepreneurship and Management (NIFTEM) at Kundli, Sonepat, Haryana and Indian Institute of Crop Processing Technology (IICPT) at Thanjavur, Tamil Nadu are being developed by Govt. as the Centers of Excellence.

The Ministry is also taking steps to implement a new scheme namely Scheme for Agro-Marine produce Processing and Development of Agro-clusters (SAMPADA) for overall development of food processing sector, for providing enabling infrastructure, expanding processing and preservation capacities, controlled temperature logistics and backward and forward linkages, with an allocation of Rs.6000 Crore for a period co-terminus with 14th Finance Commission..

Our Managing Director Mr. Dilip Shah attended the Annual Concert of BRIGHT DAY SCHOOL (CBSE UNIT) Vasna Road, Vadodara as 'GUEST OF HONOUR"
Mr. Dilip Shah Attended the 21st CBSE National Athletic Meet 2016 of Gujarat Public School as "GUEST OF HONOUR" with Indian Cricketer Mr. Yusuf Pathan
MARKET UPDATES - CHEMICALS
  • India will likely be able to roll out the Goods and Services Tax (GST) from 1st July 2017 instead of 1st April, 2017. The Centre and States agreed to share the entire taxation base for assessment with a horizontal division.
  • Chemicals and Fertilizer Minister Shri Ananth Kumar pushes for simple Tax structure in Pharma and Chemicals Industry and also demanding lowering of import duties on raw materials to make the domestic industry more competitive.
  • Gujarat Alkalis and Chemicals Ltd (GACL goes ahead to set up an 800 TPD caustic soda plant along with 130 MW coal-based power unit in Gujarat with an investment Rs 1,936.90 crore.
  • Dutch specialty chemicals company AkzoNobel and Atul Ltd have agreed jointly to set up a manufacturing plant for Monochloroacetic Acid (MCA) at Atul’s facility in Gujarat.
  • Reliance Industries Limited (RIL) has successfully commissioned the first phase of Paraxylene (PX) plant at Jamnagar, Gujarat. The plant with capacity of 2.2 MMTPA is built with state-of-the-art crystallization technology from BP which is highly energy efficient and environment friendly.
  • The Markets for flexible packaging are going faster than the packaging market as a whole. Including ease-of-use, sustainability, high performance and lower costs.  Union Minister for Chemicals & Fertilizers Shri Ananth Kumar asserted that the Indian chemical industry is expected to grow at 9% p.a. He asserted that ‘Make In India’ campaign is the key driver for the chemical industry as there exist opportunity for import substitution in many petrochemical derivatives. He further said that implementation of GST would bring manufacturing costs down, thus making Indian products competitive.
  • Waste Management Laws must empower Industry rather than stifle them.
  • As a part of the government economic policy to accelerate the growth of the pharmaceutical industry, the Indonesian President Joko Widodo travelled to India with a trade delegation to meet with Indian Prime Minister Narendrabhai Modi. In his statement, President Joko Widodo invited India to strengthen the trade and investment partnership in pharmaceutical sector.
  • There is a demand supply gap of Formic Acid due to very acute shortage of the same from GNFC          
  • EXHIBITIONS :
  • The Tenth Annual India Chemical Industry Outlook Conference to be heldon 13th & 14th February 2017 at Hotel The Lalit Mumbai, Sahar Air Port Road, Andheri(E) Mumbai 400 059. The Theme of this Conference is "Innovation & Disruption – Chemical Industry in Transition"
Management Tips

Handle Customer Complaints

All Organizations depend on customer feedback to make their business better and increase customer satisfaction. Yet customer complaints take up an inordinate amount of time and money and the complainer doesn’t often get what he wants. Here are three tips for expediting the complaint process and keeping customers happy.

  • Understand the full context. Try to understand as much as you can about the complaint. The more information you have, the easier it is to determine the root of dissatisfaction
  • Propose a Resolution Know what would make the situation better for your customer and propose ways you can solve the problem.
  • Show Respect. Complaining Customers are often upset. Train employees receiving complaints to be empathetic and to reframe the harsh criticism they may receive into constructive feedback.
Tax your Brain - Prize Winning Puzzles
  • 1) Write 3 correct ways to make the below mentioned equation correct (without changing the order of digit & by adding Plus (+) or minus (-) signs)
    123456789 = 100
  • 2) The average of 3 numbers is 75, average of 2 of these numbers is 98, find the third number?
  • 3) Name of the Country having Flag of One color
  • 4) No man ever see, which never was, but always is to be...
Tax your Brain - Prize Winning Puzzles
  • 5) Which alphabet given in the bracket (Y,B,I,X, T,D,C, P) denotes the following and mention full name 1) Drink , 2)Vegetable 3)Tool 4) Part of Body 5) Insect 6) Question
  • 6) Which of the following can be arranged into a 5-letter English word?
    a) H R G S T   b) R I L S A
    c) T O O M T   d) W Q R G S
    The body part is written with three, only 2 different letters are used and pronounced as one ? What is it ?
Winners of the Puzzle competition of December 2016 : Mrs. Drashti Parikh
Answer to the Puzzles of December Edition
Puzzle No.1 : Ans: NOTHING
Puzzle No.2 : Ans.1) Aluminium /Stainless steel 2) Stainless Steel 3) Copper 4) Aluminum 5) Iron /Stainless Steel 6) Iron 7) Iron
Head Office
Prakash Chemicals Agencies Pvt. Ltd.
Prakash House --39/40 Krishna Industrial Estate, Opp. BIDC Gorwa, Gorwa Road,
Vadodara - 390 016, Gujarat, India
Ph: +91-265-3926000 Fax: -91-265-3926122
Branch Offices
MUMBAI
:Mr. Chetan Solanki - (M) +91 9998034403, E-mail: chetan@prakashchemicals.com
AHMEDABAD
:Mr. Dhaval Desai - (M) +91 9825013436, E-mail: dhavaldesai@prakashchemicals.com
SURAT
:Mr.Manoj Patil - (M) +91 8511126719, E-mail: manoj@prakashchemicals.com