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Premium kitchen solutions provider Carysil plans to invest Rs 500 crore to increase manufacturing capacity of kitchen sinks, faucets and appliances segment as part of its long-term growth strategy in India, according to a statement by the company. Under the programme, Carysil has earmarked Rs 100 crore to double its sink manufacturing capacity from 1 million to 2 million units per year, it said. Another Rs 50 crore will be invested for expanding its stainless steel sink production to 2.5 lakh units annually, the company added. To enhance kitchen faucet production to 50,000 units per year, Rs 30 crore will be invested and another Rs 20 crore towards manufacturing 50,000 built-in kitchen appliances per annum, the statement said. "Our vision is to establish Bhavnagar as the largest global hub for kitchen sink manufacturing. 'Make in India' is at the core of our growth strategy, and we are committed to raising the bar in quality and innovation in kitchen solutions," Carysil Ltd Chairm
Kai Group, a Japan-based personal care product and kitchen equipment maker, said it will invest 300 million yen (around Rs 17.17 crore) to expand production capacity of its manufacturing facility at Neemrana in Rajasthan. This latest investment is to increase the production capacity of women's razors by over 5 million units per year, according to a statement issued by the group's local subsidiary Kai India. "The group is planning an additional investment, allocated around 300 million yen, reflecting KAI group's commitment to bolstering its manufacturing infrastructure," it said. The expected timeline for the completion of this expansion is five months, and the company expects the enhanced production capacity will be operational by the end of December 2024. This expansion aligns with Kai India's 'make in India' initiative, strengthening local manufacturing and meet the increasing demand from both local and international markets. Kai India Managing Director Rajesh U Pandya said: "Ou
Those who couldn't buy fresh vegetables would smash open an onion, sprinkle salt and eat it with a roti. But even those days are gone with the humble onion just too expensive, says vegetable vendor Imad Khan, recalling the staple image of the poor in India. About 10 km from the Sahibabad Sabzi Mandi in Ghaziabad where Khan sets up shop, homemaker Poonam Singh in Delhi's Mayur Vihar has not put tomatoes in any dish for almost a month, taking away an essential ingredient from her cooking. Khan and Singh may be at different points on the socio-economic spectrum but sit on the same side of a graph that has put everyday vegetables out of the reach of many in Delhi-NCR. While restaurateurs and home catering businesses are looking at how to absorb the extra costs and wondering whether they should hike their rates, home cooks are going for alternatives or just doing without. How can one make almost anything without onions, tomatoes or potatoes? Not that other vegetables are any cheaper, b
Crop damage in states like Himachal Pradesh due to delayed rain has sent prices of vegetables skyrocketing in the national capital, with consumers forced to buy daily items such as tomatoes at double the price. Prices of kitchen staples like potatoes, onion, and tomatoes as well as green vegetables like cauliflower, cabbage, and those in the gourd family have particularly soared, vendors in the wholesale markets said. "Currently, the wholesale price of tomatoes is around 50 to 60 rupees per kg. The local variety is selling for 1,200 rupees per 28 kilograms (1 crate), and the hybrid variety for 1,400 to 1,700 rupees. Earlier these used to sell for around 25-30 rupees," Sanjay Bhagat, a trader in Azadpur Sabzi Mandi, said. "The price for other vegetables in the wholesale market is around 25 to 28 rupees per kg. Vegetables that used to sell for 10 to 15 rupees are now 25 to 30 rupees. Beans rates have also increased, selling for 40 to 50 rupees per kilogram," he added. The surge was .
Celebrity chef Sanjeev Kapoor-backed kitchen appliances brand Wonderchef aims to reach a revenue target of Rs 820 crore in FY25, said its founder and CEO Ravi Saxena. Saxena, on the sidelines of the launch of the cooking robot Chef Magic at the Consumer Electronics World Expo, said the homegrown brand has positioned itself at the top of the ladder in premium and innovative appliances. "In FY24, we posted sales of about Rs 700 crore, and we are planning to touch about Rs 820 crore in FY25, on account of new product ranges, distribution expansion, and the e-commerce segment -- which brings in about 30 per cent of sales for the company," he told PTI. Saxena further said Wonderchef is planning to list its IPO in 2026. Chef Magic is an all-in-one kitchen robot that enables fully automatic cooking. Loaded with over 200 in-built recipes across cuisines by Chef Sanjeev Kapoor, the IoT-enabled interface will feed in new recipes every week. Saxena said he drew the inspiration for Chef Magi
Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday. The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023. Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO). The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer inflation while arriving at its bi-monthly monetary policy, food price uncertainties continue to weigh on the inflation trajectory going forward.