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Yash Papers launches new range of biodegradable & eco-friendly tableware range, invests Rs 60 cr to set up India's largest compostable tableware plant

Mumbai, Sep 22 (UNI) In a bid to promote the use of eco-friendly products in the food industry, paper-manufacturing company Yash Papers has launched its new range of compostable, biodegradable and
eco-friendly tableware range, called 'Chuk', made from sugarcane waste, bagasse.
Based out of Faizabad in Uttar Pradesh, Yash Papers is India’s largest modern agro residue-based paper brands which manufactures kraft packaging material to chains like McDonalds, KFC and Pizza Hut. Yash Papers has invested Rs 60 crore in setting up its new biodegradable plant, which has a state-of-the-art facility that
includes a production innovation centre.
The plant currently has a production capacity of 10 lakh units per day and the company plans to double the capacity every year for the next 3 years.
The company closed the financial year ended 2016-17 in consolidated revenue of Rs 183 crore and has aimed to receive at least 50 per cent f their revenue from the new bio-degradable segment in the next three years.
India generates over 15,000 tonnes of plastic on a daily basis and the use of plastic in the packaging accounts for 35 per cent of plastic consumption.
In a bid to reduce the food industry’s dependency on plastic, Yash Papers has developed a modular cost-effective design priced between Rs 1 and Rs 7, which is actually cheaper than plastic.
The launch commenced with a panel discussion in the city on ‘Promoting sustainability in Food Industry' last evening, in which panelists comprising food influencers and TV show hosts Rocky Singh and Mayur Sharma, Anna Warrington, director, Forum for the Future; Kunal Suri, chief operating officer, foodpanda; Srishti Jain,
Feeding India and Riyaz Amlani, chief executive, Impresario discussed the relevance of eco-friendly food packaging for healthy eating and progressive steps taken by the Maharashtra government in banning plastics in the city.
Speaking at the launch of the eco-friendly range, Ved Krishna, head of Strategy at Yash Papers, said, "We end up consuming so many carcinogens without any awareness through the thermocol and plastic products we are served on and then these products are disposed damaging the ecology. It is time to embrace products that will
enable us to eat safe and benefit the planet when disposed.
"In order to bring in a better process in the growth of sustainable packaging solutions in India, the company last month also announced a strategic tie-up with food delivery platform, foodpanda. The initiative enables foodpanda’s partner base of 15000 plus restaurants to offer its customers food in environment-friendly
packaging," he added.
UNI JM SS SM1715
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Zoho to support incubated startups in T-hub in Telangana

18 Jul 2018 | 11:08 PM

Hyderabad, July 18 (UNI) Zoho, one of India’s leading Operating Systems for Businesses, on Wednesday announced its partnership with T-Hub, a global startup catalyst that powers entrepreneurship and deal flow.

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LOTS Wholesale Solutions unveils first India store in Delhi

LOTS Wholesale Solutions unveils first India store in Delhi

18 Jul 2018 | 9:57 PM

New Delhi, July 18 (UNI) LOTS Wholesale Solutions, a part of the US$ 50 billion Charoen Pokphand Group (CP Group) and a wholly owned subsidiary of Siam Makro Public Company Limited (Siam Makro) from Thailand, on Wednesday unveiled its first wholesale distribution centre in India at Netaji Subhash Place, here
Inaugurated by Minister of Food Processing Industries Harsimrat Kaur Badal, this is the first of the fifteen distribution centres LOTS Wholesale Solutions is aiming to open in India over the next three years.

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Bharathi cement launches new product " Bharati Ultra fast"

18 Jul 2018 | 8:30 PM

Hyderabad, Jul 18 (UNI) France-based Vicat Group, which acquired 51 per cent stake in Hyderabad based Bharathi Cement Corporation Pvt Ltd, on Wednesday announced the launch of its new product " Bharathi Ultrafast", a multipurpose green cement.

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AEL all set to commission new backward integration project from Aug

AEL all set to commission new backward integration project from Aug

18 Jul 2018 | 7:56 PM

Hyderabad, Jul 18 (UNI) Hyderabad-based Aparna Enterprises Limited (AEL), a leader in Manufacturing building materials and a part Rs 1700 crore turnover of real estate company Aparna Group is all set to commission a new backward integration project related to Aluminium windows and doors.

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IndiGo tops the on-time performance chart again: Report

18 Jul 2018 | 7:32 PM

New Delhi, July 18 (UNI) Operating over 1000 daily flights across the 6E network, IndiGo has again recorded the best On Time performance of 84.

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