Business Standard

Covid-19 impact: Snack industry may be served revenue loss of Rs 35,000 cr

Sweets and namkeen (snacks) manufacturers have reduced the production capacity due to the shortage of labourers in the midst of a slowdown and health concerns

Sev
Premium

Indore is the country's leading centre for namkeen productions with hundreds of small-scale units. Photo: Shutterstock

Press Trust of India Indore
The country's snacks and sweets industry would suffer an estimated revenue loss of Rs 35,000 crore in the current financial year due to the coronavirus pandemic, an industry official said on Monday.

Sweets and namkeen (snacks) manufacturers have reduced the production capacity due to the shortage of labourers in the midst of a slowdown and health concerns, experts said.

"In view of the ill effects of Covid-19 on the market, we estimate that the total turnover of sweets and namkeen products in the country may drop to Rs 65,000 crore during the ongoing financial year," the director of Federation of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 15 2020 | 8:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com