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

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