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Editor's Note

Sourav Majumdar
A freshly baked strategy: Behind Britannia Industries' plan to pivot from biscuits to a food player
In a way, the move makes eminent sense as the Indian foods sector has several high-growth segments.
Sourav Majumdar
Apr 02, 2023
Re-Baking Britannia
The Rs 14,000-crore Britannia Industries is on a path to transform itself. It aims to become a major player in the foods space—that has a number of high-growth segments—from being just a household name in biscuits. What is its strategy and how does it plan to deal with the challenges? Find out in the latest issue of Business Today. Also read a detailed interview with Bhavish Aggarwal, the straight-talking helmsman of Ola and Ola Electric on making India a global leader in electric mobility. Plus, find out about the dramatic collapse of Silicon Valley Bank and what it means for India’s start-up ecosystem. All this and more in the latest issue of BT. On stands now.

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Up, Up And Away
INDIA’S FLEDGELING DRONE INDUSTRY IS EXPECTED TO TAKE FLIGHT IN THE NEXT FEW YEARS AS THE COUNTRY AIMS TO BECOME A GLOBAL DRONE MANUFACTURING HUB BY 2030
  • Rs 120 crore: The amount the government has approved for the drone PLI scheme to be implemented during FY23-FY25
  • $30 billion: Likely size of India’s drone industry by 2030, compared to $2.71 billion in 2022
  • $22 million: The amount of funding—the largest-ever Series A fundraise in the sector—raised by Garuda Aerospace in early February
  • 100,000 pilots: The number of drone pilots India will need in 2023, according to Union Information & Broadcasting Minister Anurag Thakur
MONEY GAMES
WITH 32 TEAMS PLAYING AND MORE THAN 5 BILLION PEOPLE EXPECTED TO WATCH THE 2022 FIFA WORLD CUP IN QATAR, IT IS EXPECTED TO BREAK MANY RECORDS— INCLUDING BEING THE MOST EXPENSIVE FOOTBALL TOURNAMENT EVER
  • $300 BILLION: The amount Qatar has splurged to prepare for this edition of the tournament; Brazil had spent $15 billion—the second highest—in 2014
  • $6.5 BILLION: The record amount of revenue this World Cup is likely to generate, compared to $5.2 billion generated in 2018
  • $440 MILLION: The amount FIFA has set aside for the prize payouts, with $42 million going to the winning team
HIGH TIME
THE RECENT CHAOS AT DELHI AND MUMBAI AIRPORTS HAS AGAIN PUT THE SPOTLIGHT ON AVIATION INFRA EVEN AS AIR TRAFFIC RETURNS TO PRE-PANDEMIC LEVELS
  • 427,517 PASSENGERS: Number of people departing from airports in India on November 11—the highest since the onset of the pandemic
  • 177 MILLION: Number of passengers Indian airports handled during April-October 2022—more than double the figure a year ago (83 million)
  • 7 PER CENT: Likely annual growth in India’s air traffic through 2040, as per aircraft manufacturer Boeing
BOILING OVER
THE RETAIL PRICE OF MILK (MONTHLY AVERAGE) HAS INCREASED BY OVER 10 PER CENT IN 2022 DUE TO RISING INPUT COSTS OF ANIMAL FEED. HERE’S WHAT THE NUMBERS HAVE TO SAY
  • ₹55.40 PER LITRE: The retail price of milk on December 31, 2022, compared to ₹49.90 on December 31, 2021
  • 28-31 PER CENT: Surge in prices of key components of animal feed in the past 12 months; feed constitutes over 75 per cent of milk production cost
  • 25 PER CENT: Contribution of India, the largest producer, to global milk production in 2021-22
GEARING UP
AFTER NEARLY THREE YEARS OF PAIN INFLICTED BY NEW EMISSION NORMS, COVID-19-INDUCED DISRUPTIONS AND A GLOBAL CHIP SHORTAGE, INDIA’S AUTOMOTIVE INDUSTRY IS SLOWLY PICKING UP PACE. A LOOK AT THE KEY NUMBERS
  • 3.8 MILLION UNITS: Number of domestic passenger vehicles sold in 2022—the highest ever; the figure was 3.1 million in 2021
  • 933,116 UNITS: Number of commercial vehicles sold in 2022, nearly 38 per cent higher than 2021
  • 15.61 MILLION UNITS: Number of two-wheelers sold in 2022, up 7.43 per cent year-on-year (YoY); three-wheeler sales also grew 58 per cent YoY
  • 18 PER CENT: Rise in the exports of total passenger and commercial vehicles in 2022 at 733,220 units, from 622,206 units in 2021

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Columns

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