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SIG Combibloc wants to make a difference. Last year, the Swiss firm — with a India clientele of brands like Amul, KMF, MilkyMist, Heritage Dairy, Coca-Cola, Parle Agro — began constructing its 10th global aseptic packaging plant in Ahmedabad, which will create over 300 jobs. In a conversation with ET Digital, Samuel Sigrist, CEO, SIG Group, talks about aseptic packaging technology and how India is the right market for it. Edited excepts: Economic Times (ET): What kind of potential is SIG looking to cater to in India when it comes to sustainable dairy packaging or sustainable packaging? Samuel Sigrist (SS): This is an amazing starting point, because in some markets in Asia, we first need to teach people to like milk. But that is not the challenge here. So the problem statement here starts with an opportunity statement. It is the largest milk market in the world and less than 10% is processed and packaged; and even a smaller part is in the safest form in the aseptic beverage carton. Now that just shows you the upside that we see. What drives this upside is not just the population growth, but also rising disposable income growth, a growing middle class and urbanisation.

Subscribe to enjoy similar stories. Chinese residents have been illicitly moving billions of dollars out of the country under authorities’ noses as a cratering property market and economic uncertainties push people to find safer places to park their wealth overseas. Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year.

sugar supplies are seen shrinking to the lowest level in six years in early 2025 as drought hampers production in top exporter Brazil, according to commodities trader Czarnikow Group Ltd. Extreme dryness has eroded sugar-cane crop conditions, limiting mills’ ability to produce sugar in the latter months of the current season and signaling a delayed start to next year’s harvest, Pedro Mizutani, Czarnikow head of raw sugar trading, said during a conference in Sao Paulo. Concerns about production constraints in Brazil — also caused by the spread of plant disease — have kept prices for the sweetener above the historical average for the past several years, underscoring the world’s dependence on the South American nation’s supplies. The country is expected to account for almost 75% of all raw sugar traded globally this year, according to consultancy firm Datagro.

Mexico's new president has announced an agriculture plan that could make the country's food production and distribution look a lot more like it did in the 1980s

A small town in far eastern Cuba is recovering from flooding that killed at least seven people after Hurricane Oscar crossed the island’s eastern coast as a tropical storm with winds and heavy rain

Kazan [Russia], October 23 (ANI): Prime Minister Narendra Modi held a meeting with Russian President Vladimir Putin on the sidelines of 16th BRICS Summit in Kazan on Tuesday. PM Modi invited Putin to visit India next year for 23rd India-Russia Annual Summit. The two leaders reviewed bilateral cooperation in various sectors, including political, economic, defence, energy, and people-to-people ties, Prime Minister's Office said in a press release. This was their second meeting this year as the two leaders had earlier met in Moscow for the 22nd India-Russia Annual Summit in July 2024.

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Venezuela’s top prosecutor has announced the arrest of a former oil minister and accused him of working with the U.S. government to undermine the industry that drives the country’s economy

Narendra Modi on Tuesday, during his meeting with Russian President Vladimir Putin in Kazan, said that India has been in touch with all sides on ending the Russia-Ukraine conflict through dialogue and that «India is always ready to help bring peace». In his opening remarks at the meeting with Putin on the eve of the BRICS summit, Modi said, «We have been in touch with all sides in the Russia-Ukraine problem. It has always been our position that all conflicts can be solved with dialogue. We believe there should be peaceful solutions to conflicts. India is always ready to help bring peace.» These remarks must be viewed in the context of Modi's earlier conversation with Putin on the Ukraine conflict and his two meetings with the Ukrainian President since August. Following his visit to Kyiv, Modi telephoned Putin to share his thoughts and later NSA also met Putin and apprised him about the PM's trip. While India has not created a peace formula like Brazil and China, New Delhi has been in touch with all stakeholders to end the conflict through negotiations and pitched for Russia's presence in peace summits for durable peace.

electronics manufacturing industry is hopeful the de-escalation of border tensions between India and China may speed up pending technology transfers, planned investments from Chinese companies and movement of capital goods. Some executives though said despite a thaw in the tensions, Chinese companies will remain cautious about investing in and sending executives to India, which would need to address the existing trust deficit. «We hope this will help the Indian industry in working with reliable Chinese companies without compromising our national security interests to develop a supply chain and other capabilities in India in the electronics sector and also grow trust between the two countries for their mutual benefit,» said A Gururaj, managing director, Optiemus Electronics.

Singapore when all of us can't wait to land at Changi Airport and start our Diwali-to-Christmas shopping. But when the someone badmouthing is Lee Hsien Yang, younger son of Singapore's founding father Lee Kuan Yew, you hold on to your buffet ticket at Raffles Singapore just a wee bit tighter.

G Kishan Reddy, is a necessary step accompanying the country's recent foray into commercial mining that offers a means to reduce its energy import dependency. India needs access to all available energy sources to sustain a high economic growth rate. Given its coal reserves and demand for electricity, the industry must become more market-oriented to draw the required investment.

Fishing regulators are delaying a plan for stricter fishing rules amid concerns about a decline in baby lobsters in the warming waters off New England

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared

Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains closed after a hurricane-related shutdown

Temporary Foreign Worker Program (TFWP), including raising the minimum hourly wage requirements for the high-wage stream of the TFWP. Effective November 8, candidates applying through the high-wage stream of the TFWP will need to earn hourly salaries at least 20% higher than the median wage for their position relative to where they work, to be eligible, as per CIC News report. Authorities estimate that this change will impact up to 34,000 workers across Canada, resulting in an hourly wage increase between $5-$8 CAD for those who remain in the high-wage stream (depending on the area of work).

revenue from Indian trips in 2023. The target is to boost revenues by 10% from India next year besides pitching new luxury accommodation options for Indian travellers and other India only campaigns targeted at honeymooners in the country, said Petra Hedorfer, CEO of German National Tourism Board. The German National Tourist Board (GNTB) works on behalf of the Federal Ministry for Economic Affairs and Climate Action to represent Germany as a tourist destination and is funded by the Ministry in accordance with a decision taken by the German Bundestag. She said in order to continue participating in the rapid growth of the Indian outbound market, the German National Tourist Board (GNTB) is systematically expanding its market activities on the subcontinent. “In view of the changing conditions, especially technological developments, we are also organizing a high-profile delegation trip with top managers from the German travel industry next spring with the GNTB India Digital Travel Knowledge Tour,” said Hedorfer.

BRICS Summit 2024 at Kazan in Russia will be watched keenly by the United States. The BRIC grouping, including Brazil, Russia, India, and China, was formally started in 2006. In 2009, the first BRIC Summit was held in Russia.

Subscribe to enjoy similar stories. Stock of Hyundai Motor India Ltd, only the second pure-play passenger vehicle maker to be listed on the Indian stock exchanges after Maruti Suzuki India Ltd, debuted on the National Stock Exchange (NSE) at ₹1,934 on Tuesday, a slight discount to its issue price ₹1,960. The issue—a milestone for both the company’s parent Hyundai Motor Co.

mpox strain that has spread from Democratic Republic of Congo to neighboring countries may affect girls and young women, a new study has revealed. Girls and young women may be more susceptible to an infectious subvariant of the virus that causes mpox, reported Bloomberg. Hundreds of children have already died of this deadly strain in eastern Congo. The details of the subvariant of the virus were published in the scientific journal Eurosurveillance, according to which 154 people have tested positive for mpox in Burundi, an area in eastern Congo. Of 154 mpox cases that were reported from July 3 to September 9, the median age was 9.5 years. ALSO READ: New Mpox variant detected in Germany: Health authority

Subscribe to enjoy similar stories. In an era of global mobility and economic uncertainty, the concept of secondary residency has gained significant traction among ultra-high-net-worth individuals (UHNWIs). This strategic move offers a multitude of benefits, ranging from enhanced lifestyle options to significant financial advantages.