Personally, I kick off my day with a cup of coffee as soon as the market opens at 9 a.m., followed by another one at 12 p.m. Since I follow intermittent fasting, these first two cups satisfy my craving and keep my hunger at bay until lunch.
Historically, coffee in India was predominantly an outof-home experience, sparking the café culture in the country and leading to the rise of branded service stores like Café Coffee Day (CCD) and Starbucks. Kudos to CCD for really igniting the coffee culture in India. Suddenly, traditional dates were being swapped for coffee dates, and Starbucks became a symbol of affluence. Today, Gen Zs prefer to socialise in cafes, making them popular hotspots. Times have changed, and places like Third Wave, Hatti Kaapi, and Subko are elevating the coffee culture, catering to the Indian crowd, and highlighting Indian-produced coffee from small towns like Chikmagalur and Hassan.
India consistently ranks among the top 10 coffee-producing countries by volume, with most production coming from Karnataka. The Indian government supports coffee farmers with financial aid of $2,500 to $3,000 per hectare for cultivation and an additional Rs 2 per kg for high-quality green coffee sold to key markets. Currently, there’s a gap in the Indian coffee market with low competition, creating an opportunity for more support for Indian brands to appeal domestically and internationally, aided by government incentives.
Huge Growth Potential
Bu hikaye BW Businessworld dergisinin September 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye BW Businessworld dergisinin September 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders